Morley Property Investment looks North

fund manager gerardine davies looks to divest the fund's current large cash position with various offers on properties around country

While the majority of UK property funds have large south eastern weightings, Gerardine Davies, manager of the Morley Property Investment portfolio has been looking further North for regional opportunities. Over half of the portfolio is in properties outside the South. The Midlands is the largest weighting making up 36.4% of the total, followed by the South East with 25.9% and the North of England and Scotland with 16.9%. Only 16.4% is in the East and South West and 4.4% in Wales. Davies said the current emphasis of the fund is on regional offices, in light of their attractive yields. I...