Stenham launches third UK focused property fund

The Sterling denominated vehicle has a core focus of acquiring UK commercial property, with the initial equity expected to exceed £50m. Stenham has in recent years found value in UK property hard to come by, preferring to concentrate on Germany, Switzerland and Japan. Now, it considers the time is ripe for UK property to come to the fore again, believing opportunities exist where the market has become oversold. The drop in demand for UK property assets has created a situation where yields on quality, well-let properties have increased, to the point where they exceed long-term fixed bo...