http://www.telegraph.co.uk/finance/personalfinance/houseprices/11061050/House-price-predictions-up-9pc-this-year-6pc-in-2015-if-rates-dont-rise-too-quickly.html windfall profits for some years to come for sector and TEF. Price rises now feed through into windfall profit 4 to 5 years later as the units move from site purchase to completion.
Thanks for the insights much appreciated.
Their property team has emerged from Aviva -so experience in both development and investment fields across all property classes The team have come from an institutional background .Hansteen are an industrial property specialist -the executive team have been around the block launched Ashtenne in a previous life from a standing start and chose theiri moment at the top of the market perfectly before the crash to exit. Even better they managed to pick the properties back up with a severe haircut last summer for Hansteen. The office properties they have been picking up have been part of industrial portfolios. Hansteen will be looking to do the same this time around
Thanks for that. So what's the difference between these guys and say the new Kames Property Income Fund for example? Is it just their experience or is there more to it? Have some in Kames but seriously considering a few in Hansteen. Cheers old chap.
Yes the upside is fairly limited .However yields are dropping as appetite for industrial property investments is increasing .So likely increase in value of overall portfolio likely to improve by 5% pa plus more when voids are filled and improving dividends Some new equity funds are in the market snapping up product. Guess they will be looking to sell out in 1/2 years time as they did with Ashtenne and similar MO to Industrious who built up similar portfolio and chose their moment carefully to exit . The problem they will have is buying product at advantageous prices.They had the field virtually to themselves a couple of years back . Just excellent ballast material in a portfolio its another share in Cazenove portfolio
Sain - does the share price being at a premium to NAV ie 102 v 96p make any difference do you think ie not a value trade so may be limited upside? (Despite very good results). Good for income certainly given recent dividends.
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