British retail and other property assets are cheap. That was the message this week at a major finance conference in San Francisco, attended by the world’s top hedge fund and other investment managers.
It should serve as a loud alert to UK investors. More opportunistic bids could loom, and a reassessment of the low valuations could gather pace.
Some of the best bargains are said to be found among Real Estate Investment Trusts (Reits), which own shopping malls, offices and logistics warehouses and storage facilities.
Fears over the impact of higher interest rates and faltering consumer confidence have hit Reits’ shares. But these
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