Gartmore's Hambi, Brookes diversify into Euro commercial property

Gartmore's Bambos Hambi and Marcus Brookes have diversified the commercial property exposure on thei...

Gartmore’s Bambos Hambi and Marcus Brookes have diversified the commercial property exposure on their multi-manager Cautious and Balanced funds into continental Europe. As party of this the managers have bought into the M&G European fund. According to the group, the European commercial property market is showing signs of catching up with the UK and is increasingly becoming a landlord’s market. Completions for European commercial property hit very high levels in 2006 and vacancy rates declined drastically throughout Europe to an average of 8.2%. In the UK, yields are at all-time lows...