Global downturn mutes UK property returns

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Schemes will remain locked into safe but unspectacular UK commercial property returns until the end of 2011 due to worsening global market conditions, a report concludes.

PRUPIM, the £16bn real estate fund manager arm of M&G, said the UK’s commercial property sector is set to deliver muted returns for investors due to weak occupier demand outside of central London. ...

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