Returns generated by UK commercial property slipped 20 basis points to 0.7% in April according to latest figures released today by the Investment Property Databank.

Delivering 2.4% last month, UK equities trumped the modest return from commercial property but the UK’s best-performing asset class over three, five and 10 years, still managed to outperform the April UK bond return of -0.2%.

The April result shaves 80 basis points from the 12 month return, forcing it down from 15.6% to 14.8%.

The office sector continues to be the hottest prospect in property, delivering a 1% total return last month. Retail and Industrial sectors lagged behind, yielding 0.5% and 0.7% respectively.

IPD research director Malcolm Frodsham said: ‘The returns from commercial property seem to have settled into a rhythm of steady returns of just under 10% a year.’