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Andy Martin is Appointed ULI UK Chair and Strengthens Executive Team
London (1 October 2013) – Andy Martin, Senior Partner at Strutt & Parker, has been appointed as Chair of ULI UK and has immediately strength
11 October 2013
Increased interest from collective investment schemes that invest in UK commercial property has seen retail investors close the gap on the institutions and overseas investors as the largest owners of UK commercial property in 2012, according to a new report by the Property Industry Alliance.
The report reveals that the UK institutions – insurance companies and pensions funds – and overseas investors share of the £569bn UK commercial property market fell 1 per cent each to 22 per cent each in 2012. However, collective invest schemes – such as managed funds and property unit trusts – saw their share increase 2 per cent to 20 per cent of the market, up 127% since 2003. Most of the capital invested in UK commercial property is used to provide pensions and savings for UK households.
Sir Robert Finch, Chairman of the Property Industry Alliance, said: “While overseas investors remain on course to become the single largest owners of UK commercial property, the appetite shown by small institutional and retail investors is a real boost to the industry, as well as highlighting a shift in personal savings habits towards unit trusts.”
Property Industry Alliance Data Report also reveals:
The Property Industry Alliance is formed of eight leading property bodies that tackle major property issues in a more coordinated way while retaining their separate identities and roles. Members include:
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