Fiona Le Poidevin, CEO of The International
Stock Exchange (TISE), explores the growth of the REIT sector,
especially in the UK and why a quarter of all UK REITs are listed
on TISE.
On Thursday 23 June last year 17,410,742 people voted for the UK
to leave the European Union.
The unexpected vote for Brexit immediately led to a loss of
confidence in the UK real estate market and – although it was
not the case of any listed with us on The International Stock
Exchange (TISE) – led to some of even the largest open ended
property funds having to protect themselves against a run of
investor redemptions.
However, fast forward a couple of months and we began to see
groups of international investors, including sovereign wealth
funds, seeking to take advantage of new opportunities in the UK
property market given the backdrop of revaluations and the exchange
rate implications of a lower pound.
