UK - Key London rents will decline further affecting property investments, commercial property giant Great Portland Estates forecasts.
Chief executive Toby Courtauld – speaking at GPE’s interim results – said: “We expect rental values in the capital to continue their downward trend during the second half of the financial year, particularly in the City market.”
He added that investment markets were beginning to price risk more realistically now than over the last 12 months.
Approximately 20% of Great Portland’s portfolio is in London’s financial district, which has been hit hard by recent economic downturns.
The Pension Protection Fund (PPF) is consulting on proposals to charge a "risk reflective" levy for commercial defined benefit (DB) consolidation vehicles.
The funding gap across FTSE 350 schemes could be slashed by as much as £275bn if schemes look beyond traditional ways of creating value. Victoria Ticha examines how
There will be "many flavours" of defined benefit (DB) consolidators but consolidation will only be the right answer for a minority of schemes, Alan Rubenstein says.
Work and Pensions Committee (WPC) chairman Frank Field has questioned the regulator on what lessons it can learn from the experience of the Kodak Pension Plan No.2 (KPP2).