investors enthusiastic as four of the five largest vehicles trade on premiums of up to 20%
Four of the five largest property investment trusts are trading on premiums of up to 20%, so strong is investor appetite for the asset class. The five trusts, with around £1.6bn in assets between them, all trade on a significant premium except for the £474.1m TR Property trust, which has recently placed its manager, Hendersons, on notice. The £576.9m Real Estate Opportunities (Reo) trust has reached a premium of 19.9%, eclipsing the £124.6m Isis Property Trust's 11.5% premium. Standard Life Investments' (SLI) Property Income Trust, with assets of £110.5m, trades at a 8% premium, while t...
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