'Sub-prime' property yields steady

The fund house, whose two UK commercial property funds last month passed £1bn assets under management, said that recent data from the Investment Property Databank showing yields had fallen to a 20-year low of 4.71pc were an indication of the demand in the prime sector of the market. However, Glanmore is yielding around 6.23pc, more than any of the mainstream UK commercial property unit trusts available. Robert Court, chief executive of specialist surveyor Cardales, which runs the fund on behalf of Tilney, said: “There is enormous demand for UK commercial property at the moment, both d...