Innovative property solutions that create outperformance over time.

We invest in best in class properties for their quality, income security and sustainable growth potential. We believe that a portfolio of properties demonstrating these attributes will produce a consistent, superior investment return over time.

Portfolio. We blend incisive, value-add research with disciplined portfolio construction, selecting those sectors with the best long-term performance prospects.

Performance. Our philosophy is perfectly aligned with our clients’ objectives as long-term investors in property and best illustrated in our track record of benchmark outperformance over one, three or five year or longer-term time horizons.

Asset. Our portfolio management is underpinned by a rigorous approach to individual stock selection, with active asset management to protect and enhance asset value whilst driving investment returns.

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Strategy

A robust investment process is critical to realising our investment philosophy.

We adopt a disciplined approach to portfolio construction to ensure that risk-adjusted returns are maximised whilst portfolio volatility is minimised.

We combine this with prudent stock selection, identifying those investments that demonstrate the strongest underlying property fundamentals.

Maintaining a consistent, high quality income stream and actively managing the asset to enhance capital will drive performance.

Sitting above all this will be insightful, in-depth research which is key to shaping a successful strategy for our clients.

Latest research & insights

Q2 2023 commercial property examiner

The UK economy has so far just avoided recession but following growth of 0.4% in January, the economy failed to grow at all in February.

Q1 2023 commercial property examiner

Forecasts for the UK economy signal that GDP will fall slightly throughout 2023 and into Q1 2024, as high energy prices and interest rates restrict consumer spending.

Q3 2022 commercial property examiner

Forecasts for the UK economy expect Inflationary pressures in the United Kingdom and the rest of Europe to intensify and exacerbate the fall in real incomes for UK households.

Q2 2022 commercial property examiner

Despite a satisfactory performance by the UK economy so far this year, the risks of a recession are increasing.

Q1 2022 commercial property examiner

Russia’s invasion of Ukraine will have major implications for the world economy and has raised the possibility of a UK recession.

Q4 2021 commercial property update

The UK economy is estimated to have grown by 0.9% in November 2021 and is now 0.7% above its pre-coronavirus (COVID-19) pandemic level.

Q3 2021 commercial property update

Growing numbers of Covid-19 infections slowed the economic recovery in Q3 but the success of the vaccination program limited the number of hospitalisations and fatalities.

Q2 2021 commercial property update

The UK’s commercial real estate market has been far more resilient in the face of the pandemic than was first feared in March/April 2020 after the introduction of the first Covid-19 lockdown.

Q3 2019 commercial property update

The performance of the UK economy continues to be underwhelming. UK economic output has been disappointing since the GFC and expectations of the outlook for the next two years are lower still.

Q1 2021 commercial property update

The third lockdown has had very little impact on the trajectory of macro-economic forecasts for the UK economy.

Q4 2020 commercial property update

The UK’s commercial real estate market has been far more resilient in the face of the pandemic than was first feared in March and April after the introduction of Lockdown 1.0.

A quantitative approach to real estate asset allocation for balanced funds

Conventional market cap weighted portfolios lack diversification, which has the potential to lower their returns and increase risk.

Q3 2020 commercial property update

The combined fall in UK economic output in March and April amounted to -25.3% but was shallower than expected.

Q2 2020 commercial property update

Without a vaccine or successful treatment for COVID-19, the recovery is likely to be slow and pro-longed. In the worst case scenario a second outbreak could result in 4 more years of economic decline.

Q1 2020 commercial property update

The global economy is projected to contract by -3% in 2020. However, the pandemic fades in the second half of 2020 and the global economy is projected to grow by 5.8% in 2021.

Q4 2019 commercial property update

In November UK economic output declined by 0.4% and year-on-year GDP growth decreased to just 0.5%; the lowest level since June 2012.

Charity property investment: maximising income

In a climate of low returns, property can be a good investment for a sustainable income stream.

Q2 2019 commercial property update

In the first edition of the new Cluttons IM Commercial Property Examiner, we explore the latest underlying economic and financial market drivers that help shape our real estate portfolio strategies.

The next UK recession – not if, but when?

The health of the UK’s commercial property market is inextricably linked to that of the UK’s economy. Given the illiquid nature of direct real estate portfolios, advance notice of a downturn in the market can be critical.

London residential market outlook

Cluttons predicts that the London residential property market will fall a further 10% before prices begin to recover in a year to 18 months’ time.

The True Value of a Dynamic Asset Manager

Whilst we applaud the launch of the INREV Asset Index, we would caution against an Index, based on past asset level performance, replacing time spent really understanding what differentiates the best asset managers from the rest. In the following article our non-executive chairman, Simon Latham, explores some of the issues.

Pension Fund Allocation to Real Estate

As pension funds look to further manage capital volatility through a reduced exposure to global equities aligned with the need for increased income to match liabilities, the search for an alternative proxy for indexed-linked gilts has become more focused.

Some welcome news for UK’s High Streets

A couple of weeks ago we commented on the latest gloomy high street news with yet more retailers struggling.

Managing estates from an investment perspective

Matt Peake shares his commentary in this preview article, part of the Charity Finance Yearbook 2019: Challenges and opportunities in managing estates, which will be published early next year.

The changing dynamics of retail property asset management

Reflecting on the troubles at Patisserie Valerie, it continues to be a year of turmoil for the retail sector, particularly for those with a primary dependence on bricks and mortar and a high street presence.

London’s office market trends

Matt Peake presents the opening remarks at Bisnow’s London State of Office event addressing some of the issues facing the occupational and investment markets.

Managing risk in a competitive market

Jamie McCombe appears on Property Week’s Investment Think Tank panel to discuss low-risk ways of managing prime investments.

Investors focus on UK regions to boost office returns

Whilst Central London continues to attract significant global capital, investment in the regions over the last two years was up on 2016, with overseas investors accounting for a significant proportion of that.

Jamie McCombe

Partner

T +44 (0) 20 7647 7234 Email Jamie

Matthew Peake

Partner

T +44 (0) 20 7647 7067 Email Matthew