To continue using FE Trustnet please choose an edition:

This site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about cookies on the website and how to delete cookies, see our Privacy and Cookie Policy.

I accept the FE Trustnet cookie policy

For more information Click here




It's look like you're leaving us

What would you like us to do with the funds you've selected

Show me all my options Forget them Save them
Customise this table

F&C sees mixed outlook for UK property

The £650m F&C Commercial Property Trust says the outlook for UK property remains uncertain.

By Jonathan Boyd, Editor-in-chief, Financial Express
Wednesday May 19, 2010

In its interim statement the company says that despite the gains seen in the past two quarters, the outlook remains fragile in a number of key markets, including the ubiquitous West End of London.

"The pace of decline has eased and rental growth for offices in both the City and West End turned positive during the period. There are signs that incentives, although still substantial, are stabilising and void rates, whilst remaining in double digits, have moved lower."

"However, there is still pressure on the income stream and with the economy projected to see modest rates of GDP growth on consensus estimates and fiscal policy set to tighten, occupier demand is expected to remain muted, cost sensitive and lease related - dampening the scope for rental growth."

The FTSE 250 listed F&C Commercial Property Trust net asset value gained 8.1 per cent on a total return basis in the period 1 January to 19 May, according to the interim statement. Its key property is held in areas such as central London, Newbury, Solihull, Uxbridge, Rochdale and Glasgow.

Add your comment
Step 1: Tell us what you think...

Step 2: Prove you're not a robot...
You don't have to do this every time you submit a comment.

Login or register free and you won't see it again.
Enter the words above:
Step 3: Submit your comment...
Be the first to comment on this News Article.


Follow FE Trustnet

Video Headlines

More Videos