Commercial property on firmer foundations

Henderson New Star's Ainslie McLennan says the turnaround in commercial property reflects the shift in investor sentiment.

What a difference a year makes. It was not so long ago investors were shunning commercial property, yet in the final quarter of 2009 it was the best-selling sector in terms of net sales, according to the IMA. This turnaround reflects the shift in investor sentiment towards the asset class as fears of financial Armageddon subside and investors seek to take advantage of the sector’s relatively attractive valuations and high income levels. Recordings The Investment Property Databank, which compiles data on the sector, reported UK commercial property prices began to recover in the summer o...