Nov. 25 (Bloomberg) -- First it was corporate bonds, then stocks. Now it's time to buy commercial real estate in the U.K., according to strategists in Edinburgh advising on about 400 billion pounds ($663 billion) of assets. Standard Life Investments is telling investors to consider increasing the proportion of money they hold in stores, office buildings and warehouses, said Andrew Milligan, head of global strategy. Today, the commercial property market compares with where stocks were about seven months ago, said Mike Turner at Aberdeen Asset Management Plc. "It's the last major asset class where there is still a higher risk premium than warranted, so we've been looking at it," Turner said in an interview at his office in the Scottish capital. "April is a good expression of the stage we're at, just off the lows and starting to gain some traction." After gains this year in stocks and corporate bonds, Scotland's biggest fund management firms are honing in on where they reckon money can be made next.
Nov. 25 (Bloomberg) -- First it was corporate bonds, then stocks. Now it's time to buy commercial real estate in the U.K., according to strategists in Edinburgh advising on about 400 billion pounds ($663 billion) of assets.
Standard Life Investments is telling investors to consider increasing the proportion of money they hold in stores, office buildings and warehouses, said Andrew Milligan, head of global strategy. Today, the commercial property market compares with where stocks were about seven months ago, said Mike Turner at Aberdeen Asset Management Plc.
"It's the last major asset class where there is still a higher risk premium than warranted, so we've been looking at it," Turner said in an interview at his office in the Scottish capital. "April is a good expression of the stage we're at, just off the lows and starting to gain some traction."
After gains this year in stocks and corporate bonds, Scotland's biggest fund management firms are honing in on where they reckon money can be made next.
