How one fund manager is banking yields of 10% on Brexit property bargains
|02/12/2018||Posted by BusinessMediaguide.Com under General World News||
- First Property chief executive Ben Habib says he can find yields of up to 10% on commercial property investments outside of London
- Big institutional investors are afraid to invest because of “Brexit nervousness,” Habib says.
LONDON — To cash in on Brexit, look for property bargains outside London’s pricey centre.
First Property’s £182 million Fprop Offices fund is attempting to do just that by taking advantage of investor uncertainty to find bargain offices around the country. Some of the fund’s investments offer annual yields of up to 10%, considerably higher than the 3% or 3.5% yields central London offices can raise.
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