Land Securities led the FTSE 100 fallers, down 3.15% at 848.4p while British Land's stock dropped by 1.49% to 596.1p.
Retail woes hit Landsec property values
Landsec, the developer whose assets include the Bluewater shopping centre in Kent, has reported a fall in the value of its property portfolio, although half-year profits have risen.
Pre-tax profits for the six months to 30 September rose to £42m from £34m a year earlier.
However, the woes currently afflicting the UK's retail sector weighed on the value of the company's property portfolio, which fell by 1.4%, or £188m, to £14bn.
Values of shopping centres and shops were cut by 2.9%, while retail parks fell 4.5%.
Intu shares ease back
Shares in Intu have eased back from near-40% highs, but are still up close to 30% following news that a consortium including
British billionaire John Whittaker and Canada's Brookfield Asset
Management is considering a bid for the
shopping centre owner.
Peel Group, which is the investment vehicle of the Whittaker
family, Saudi Arabia's Olayan Group and property investor
Brookfield say they are were weighing a cash offer for Intu.
Rival shopping centre operator Hammerson shelved a £3.4bn takeover of Intu in April due to heightened concerns
among its investors about the weak UK retail sector.
Hammerson shares are up 4%, no doubt on hopes that it too could become a bid target in a sector-wide restructuring.
Shares in other property companies are up - Land Securities is ahead 1.7% at 855p and British Land is up 1.4% at 585p.