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28 August 2018

Growth in listed propcos shows move to traditional assets

Posted by: David Marlor

Analysis of the large listed property companies shows a big boost after the immediate depression following the EU Referendum. In many ways such a big gain in the market comes as a surprise as the London property market has started to flounder and foreign investment creeps ever upward.In places such as Manchester, the investment market risks reaching an oversupply in the coming years. It may be enough for investors to start gravitating away from the buy-to-let market they have so desired in recent times and towards the asset classes that have been prominent but not necessarily fashionable.Distribution, as a traditional property asset, appears to be firmly out-performing others in its class. Although probably speculation at this stage, investors may well be looking towards the comforting assets they know well in the wake of Brexit uncertainties.

Eight initial public offerings and numerous large fundraisings by existing companies helped take the total raised this year to £4.69bn, up from £2.22bn in 2016 and £2.01bn in 2015, according to Radnor Capital Partners. The pace of fundraising picked up two or three months after the EU referendum as investors turned to real estate in search of secure sources of income.
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David Marlor

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