In this Q&A, partner Daniel Richards explores market trends
in TISE as an option for listed REITS.
What is the background to the growth in interest in UK Real
Estate Investment Trusts (REITs)?
2017 saw an increase in UK commercial property investment
– mainly in London, but also outside of the capital –
that has been driven by currency fluctuations, and foreign
investors taking advantage of the weak pound. Partly as a result,
UK real estate is considered an attractive alternative asset class
for institutional investors such as pension funds, insurance
companies, sovereign wealth funds and private equity for both
UK-based investors and internationally. Research by JLL showed that
investment into London rose by 35% to $33 billion as the city
reclaimed the top spot for global real estate flows from New York.
That rise came against a 6% increase in global transaction volumes.
The London figures were boosted by two major transactions in
particular – the sales of the
