The start of the new decade saw a pause in the six-month long recovery of UK property stocks from their August lows. The ‘Boris bounce’ and election euphoria has dissipated for the moment, with UK property stocks collectively returning -2.8%. However, Continental European stocks picked up the baton, returning +3.1% in euro terms and +2.3%… Read More »
The last month of the decade saw a continuation of the theme that has been running since after the summer in listed real estate names, namely the outperformance of the UK and Sweden over the rest of Europe. The UK returned 4.6% (in sterling terms) and Sweden returned 6.6% (in Swedish krona terms), while the… Read More »
Pan-European real estate equities enjoyed a solid month. The Trust’s net asset value (NAV) increased by 2.5% in November, while the benchmark rose 1.4%. At the regional level, the UK and Europe (in local-currency terms) performed almost identically, with the UK up 2.4% and continental Europe up 2.5% in euro terms.
Click here for the Sept 2019 Interim Report
Pan European real estate equities experienced a broad range of returns in October. Macro forces again dominated. The UK Parliament finally managed to agree on one thing – the date for the General Election. Currency markets took the reduced likelihood of a ‘no-deal’ Brexit positively and GBP strengthened 2.9% versus EUR over the month. GBP… Read More »