Swip's Gerry Ferguson claims it will take years for UK property funds to reach the capital values of...
Swip's Gerry Ferguson claims it will take years for UK property funds to reach the capital values of before the real estate correction. The manager of the £1bn Swip Property Trust, which invests in bricks and mortar, said while rental growth should recover in 2009, any net asset value rebound will be slow. "Capital growth numbers will be less than they were," he added. The fund reports a -17% result over one year to 26 May, according to Morningstar. By comparison New Star International Property stands at -20.5% and Skandia Investment Management Property at -20.6%. "It will take a ...
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