In this week’s Brewin Podcast Ben Gutteridge, Brewin’s Head of Fund Research, speaks to Ainslie McLennan, the co-lead manager on the Janus Henderson UK Commercial Property fund. The conversation has nowhere else to start except for Brexit! However, rather than making speculative forecasts, the focus here is on how the UK Commercial Property funds might fare in the event of a ‘no deal’ Brexit; recalling the challenges the sector faced post the EU referendum.
The conversation then switches to property fundamentals, exploring first the challenges in the Retail sector, before looking at opportunities in Industrials and Alternatives such as student accommodation. The interview concludes with a look at large cap UK REITs where, ostensibly the valuation opportunity looks compelling.