F&C expects weaker commercial property returns

In releasing its six-month to 30 June interim results to the LSX, F&C Commercial Property Trust outlined a more cautious overall market expectation than widely forecasted, due to a weakening in secondary stock and lower bidder depth. “Having experienced three years of exceptional total returns, the UK commercial property market is now slowing,” F&C Commercial Property Trust chairman Peter Niven says. “Yield compression, which has largely driven performance of the sector during this period, would now appear to have stabilised.” F&C announced a first interim dividend of 1.5p per share was ...