Abstracts » Real estate industry

Back on a rising track

Article Abstract:

The UK Investment Property Databank's annual index for 1999 showed retail accounted for the largest amount of net investment, at around 800 million to 900 million pounds sterling. Capital growth accounted for 7.4% of all property returns whilst income return was at 7.1%. It was evident the north south divide persists, with the returns from industrial property in the north of England at 16% whilst in London the returns were up to 22.1%. Yet retail in central London had returns of only 10.7%. Equities out performed property investment at 23.8% total returns compared to 14.5% for property.

United Kingdom, Economic aspects, Reports, Investment Property Databank

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Offices out, shops in

Article Abstract:

Chris Bartram, CEO of UK property investment company Haslemere, believes the main investment opportunities are in retail and industrial property, and has shifted the focus of Haslemere's holdings. Bartram has purchased a 249 million pounds sterling portfolio from Imry, much of which comprises The Shires shopping centre in Leicester. This deal takes Haslemere's property holdings to 1 billion pounds sterling, 40% of which are retail property, 40% office property and 20% industrial property. Haslemere, whose parent company is Dutch property fund Rodamco Europe, previously had 80% office property holdings.

Management, Interview, Shopping centers, Bartram, Chris, Haslemere

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Preaching diversification

Article Abstract:

The Church Commissioners, who handle the Church of England's investments, have moved out of property and into equities since the early 1990s, when they faced serious financial problems. The Church of England's commercial property portfolio has now been reduced to 462 million pounds sterling, accounting for 14% of total assets. The portfolio is now divided 41:45 between offices and retail, with the balance evenly split between industrial and leisure. Investment of 50 million pounds sterling will be made in 1999.

Finance, Church of England

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