Window of opportunity for property investors in 2013

Yields have rocketed on secondary assets in commercial property, presenting a compelling story for investors, according to Richard Tanner of AEW UK.

Banks have capitulated and are starting to offload properties from their balance sheets, presenting a chance for property funds - and their investors - to benefit from cut-price sales, the managing director said. But this window of opportunity will have closed by the end of the year as managers of the larger property funds catch on. He commented: “I have lost count of the number of investors I have heard saying they are looking for good secondary properties. This must have an impact on the market.” While his general outlook is positive, Tanner warned “the elephant in the room” of r...