F&C UK Real Estate : FCRE – interims

F&C UK Real Estate generated a total return to shareholders of 18.9% over the second half of 2013. The net asset value total return for the period was 11.0%, driven by a 6.6% increase in property values, and a rising premium made up the rest.

Voids have risen a little but FRCE believes the letting market is good. The managers are selling off some of the smaller assets in the portfolio.

James Carthew
Written By James Carthew

Head of Investment Company Research

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