Is the property industry strangling the British economy’s brightest hope for growth?
Investing in REITs is “… like being in a submarine without a periscope”, says one fund manager with share prices whipsawing around on macroeconomic news.
In 1980, all internet users could be listed in a phone book.
“Glacial” could be one description of successive governments’ attempts to foster an institutionally funded build-to-rent sector.
Now that the sale of Blackstone’s half-share of Broadgate is well on the way to being completed, then the favourite pub debate can really begin: was British Land right to sell its 50% stake in the pioneering City of London office complex to the US fund in 2009?
The wave of retail administrations has dramatically changed the face of the high street.
In our interim results last week, I told investors of the remarkable growth in London’s “Tech Belt” and its importance to Derwent London.
This was a big week for two of the UK’s biggest property services firms.
I’m sponsoring English Heritage’s blue plaques scheme in London.
After a tumultuous few years in the real estate debt markets, the recent improvements in the availability of debt have been warmly welcomed.
Our grandchildren will ask us one day: “What were you doing at the time of the Big Crash?”
Reading our 2003 accounts with the benefit of hindsight is fascinating.
Sir Stuart Lipton
London is a world city restricted by rules that prevent the mayor of London from being fully in control.
Yields on UK commercial property now offer outstanding investment value to long-term investors, standing near all-time relative high yield spreads of 4.5 percentage points above long gilts and 7 points over index linked.
Whether you look at UK gilts, mortgages or commercial property, both the basis of valuation and the cost of borrowing are dictated less by financial conditions in Britain than by the yield on US treasuries.