RE: Diversification5 Apr 2021 18:41
If the market isn't treating retail properties appropriately with proper valuations then it is a shrewd move off Hammerson and R-R-G to capitalise on sectors where you will get far higher valuations and yields for your property. The housing sector for instance is sat at all time highs and should remain there or thereabouts for many years. It all improves the NAV moving forward and serves as a reminder that they are sat on some highly valuable city centre and out of town space.
Brilliant news also that the PM has sanctioned Non-essential shops reopening on the 12th April.
With shops reopened, come customers, come £ notes spent, come revenues and profits and the ability for rents and back rent payments to improve markedly.