Norwich Property Trust and Morley Property Investment Fund

Fund profile

morley fund management

The trends seen in the commercial property market that we saw in 2004 seem to have continued into 2005, so far at least - occupational demand is still expanding, but at unspectacular rates, while investor demand remains very strong, leading to further downward pressure on yields and very strong cashflows into retail and institutional property funds. Figures from the Investment Property Databank monthly index for the 12-month period to 30 April show total returns of 18.1%, though there are some signs of plateauing in returns with 12-month rolling returns to end April a little lower than t...