Advisers are starting to return to the UK commercial property market for the first time in two years as they believe the sector is bottoming out and they want to take advantage of the high yields on offer.
This week, Standard Life Investments launched an internally-run UK commercial property fund into the retail space in response to adviser demand. Managed by Nigel Chapman, the £175m Standard Life UK Property fund aims to provide capital appreciation and income over the long-term by investing directly in UK commercial property and is currently yielding 6.6%. Barry MacLennan, SLI's investment director of mutual and life funds, says the outlook for UK commercial property has improved significantly, with the IPD UK Monthly index posting its first positive total return in two years last wee...
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