London & Stamford cautious on UK property values

Posted on 28 January, 2011 by MOVEHUT

London & Stamford Property will carry on to look out deals with total returns and striking equity for its 1 billion pounds container for investments, but stays cautious of asset prices.

Chief Executive Patrick Vaughan  said, “London & Stamford keep focussing on recognizing the opportunities in investment that offer us with eye-catching cash on the equity returns in an interim management statement”.

The UK property investor, graduated to London Stock Exchange’s main board and has investments in office, retail, residential and industrial properties — said comparatively few main assets are approaching to market.

Vaughan said, “We judge that the market conditions will persist to produce opportunities for property investments with striking equity yields and total returns,”

He said, “We will  persist to be watchful on the pricing of such assets, given the suspicions in the UK economy and the nonexistence of comprehensible occupier demand”.

IPD data showed this week, “The value of UK commercial property rose 14.5 % in 2010, from 2.2% increase in 2009, as capital growth  and annual income return both hit constructive territory for the first time in last 3 years”.

London & Stamford also reported that that Christmas trading was “very positive” for its retail portfolio and considerable letting activity at its Meadow hall Shopping Centre in Sheffield .

Shares in London & Stamford, which is supported by Middle Eastern money, were down 0.4 % at 129.2 pence by 0957 GMT, in line with a 0.4 % fall in the broader index of property investment in UK.

 



Related Posts


Leave a Reply

Your email address will not be published. Required fields are marked *


Recent Posts

Aldi’s Expansion Plan

British Steel on the verge of collapse with over 20,000 jobs at risk

Paris watches as flames engulf one of France’s most famous landmarks

Debenhams on the brink of administration as board reject Ashley’s bid

Emmanuel Macron pushes for a new Europe with European Parliament elections on the horizon

Brexit impacts property market

Brexit uncertainty impacts the property market

Oxford_Street_Selfridges_Christmas_Decorations_2017

Creative Christmas window displays

Toronto downtown skyscrapers

Brief history of skyscrapers

Savvy promotions attract early Christmas sales for retailers

Are savvy promotions attracting Christmas sales for retail stores?

Greenfield developments

Greenfield developments: The facts

facts about converting chapels churches

Things to consider when investing in church or chapel conversions

Lincoln Castle 1068

Exploring Lincoln Castle’s Georgian and Victorian Prison

the leopard inn Burslem

Facts about The Leopard Inn, Stoke-on-Trent

ancient high house Stafford

The majestic Ancient High House in Stafford

retro video game arcades

Retro video game arcades: The comeback

industrial style offices

How to achieve an industrial inspired office