26th March 2018
Despite the lack of wall to wall sunshine we have returned from MIPIM feeling upbeat and positive. Our rebrand was very well received and there are some exciting JV partnerships in the pipeline.
Worldwide political instability and threats to the global economy continue to be at the forefront of everyone’s mind but Brexit was not the buzz word it once was. Investors and sellers continue to sit on their hands waiting to see what Britain will look like in the brave new world of 2020 post Brexit. This waiting means there is a huge amount of money waiting in the wings to be invested. Conversely the financing environment is as attractive as ever with UK based investors continuing to benefit from favourable borrowing rates and for international investors for whom the pound still offers a good value. This coupled with the arbitrage between UK Prime Yields and Risk Free Rates at irrationally wide levels compared with historic trends makes investment into UK Property look increasingly more favourable compared to safer asset classes. We remain committed to managing our portfolio in a dynamic way. We have 5 assets currently on the market with 2 under offer. We are also finalising our refinancing to give us additional financial firepower to deploy in assets that will give us strong risk adjusted returns. The future remains cautiously bright.