Saturday, September 28, 2013

Read into this what you will, it can be viewed in many ways

Hedge fund bets millions in cheap property swoop up north

Toscafund a UK hedge fund has begun snapping up cheap property across deprived parts of the north of England and plans to purchase hundreds of millions of pounds of undervalued commercial property in cities such as Manchester, Leeds, Liverpool and Sheffield as part of a big wager on the UK economy. The fund believes that in the next few years, London’s dominance will slip as other cities benefit from labour and money migrating out of the capital. “You just have to look at the fact that rental yields are three times higher in somewhere like Nottingham than in London,” said Mr Savouri. “It’s an arbitrage that is there to be taken.”

Posted by enuii @ 08:53 PM (1371 views)
Please complete the required fields.



One thought on “Read into this what you will, it can be viewed in many ways

  • Free to read report on this story in the Mirror

    Reply
    Please complete the required fields.



Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of HousePriceCrash.co.uk.
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>