SLI builds regional exposure

conference

group director andrew jackson believes rental growth on the high street is slowing down

Standard Life Investments' property team is cutting its high street exposure to escape the impact of a consumer slowdown. Central London office space is currently favoured by the Scottish house. The only retail holdings it favours are out-of-town shopping centres where space is limited and rents are high. Andrew Jackson, investment director at Standard Life, believes commercial property is very economically sensitive. He said: "While the environment has been relatively benign for the economy and thus for commercial property for the past 15 years, this is now coming to an end." But, w...