Secure foundations attract investors

Commercial property's long-term performance track record is capturing investor attention. The turbulence of stock markets over the past few years and the low interest rate environment mean investors are searching for greater security and visibility of returns. July's quarter of a percentage point cut in interest rates brought borrowing costs close to their last historic low of 3.0% in 1954. This, combined with inflation which is currently running above its 2.5% target, essentially means investors have very little to gain, in nominal terms, from leaving their money in the bank. So why in...