Rental growth hopes rise

Article Abstract:

Many investors turned away from the office sector in 1994, causing capital values to fall and yields to soften. However, investors have now upgraded their forecasts of office capital growth for 1995 from just over 2% to almost 7%, and office property is now predicted to be the strongest sector of the property market. Institutional investors are now starting to move away from the retail sector and towards offices.

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Lenders warm to property while investors cool off

Article Abstract:

Many international banks are planning to increase their lending to the London property sector, according to a recent survey. However, fewer investors are willing to increase their exposure to the sector. Bankers are seeking fixed returns, and are happy to lend as long as the convenant is strong. In contrast, investors are looking for real growth.

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Capital decision sees new team finding value in NU

Article Abstract:

A 38.6 million pounds sterling portfolio made up of 41 secondary properties is to be purchased by Capital and Provident from Norwich Union. The properties have 270 tenants, most of which are in the retail sector. Initial yield is more than 10%. At present, Capital and Provident controls properties worth 175 million pounds sterling.

Mergers, acquisitions and divestments, Norwich Union Insurance Group, Capital & Provident Management Ltd.

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