The Role of Property in Portfolios Today

Investors in UK commercial property have experienced a rollercoaster ride over the past 18 months. When Covid-19 took hold in March of last year, the picture looked bleak, to say the least: as the UK went into lockdown, several sectors stepped into the unknown. The UK’s largest open-ended direct property funds suspended trading, while commercial property real estate investment trusts (REITs) swung to big discounts as panic set in. This was reflected in the FTSE Epra Nareit UK index, which plunged 32% between 1 February and 20 March 2020. More…