Our strategies have consistently delivered higher returns than the market average over one, three and five-year terms.
Since 2008, we have managed the commercial investment portfolio of this religious establishment, with a capital value of circa £77 million and annual rents of around £3.5 million. Income is key to this client to maintain operational buildings and to provide pensions for retired clergy.
We provide our client with a comprehensive investment management service across the entire portfolio, from top-down planning to bottom-up stock selection and hands-on asset management. We also manage the ancillary services required for day-to-day running of their portfolio. Our work has repositioned their portfolio through restructuring into direct property investments with greater growth prospects that also met their overall objectives.
Our work with this educational institution has delivered above-average returns every year. We have worked with this client since the 1930s, and were reappointed by formal competitive tender in 2010. We manage their UK-wide commercial property investment portfolio, together with a small commercial and residential ground lease portfolio in London. The objective of their strategy is to provide income to fund their research work, so maintaining and growing a sustainable income profile, whilst minimising risk, is key to this client.
We are proud to provide our client with a comprehensive investment management service across the entire portfolio, combining a blend of research-led strategic portfolio planning with stock selection and active asset management. We also provide all ancillary services involved in managing the portfolio. Our work means that their portfolio has consistently outperformed MSCI indices over 1, 3 and 5 years.
Commercial property examiner Q3 2023After revisions to GDP, the UK economy is now estimated to be 2.1% above its prepandemic level but remains 3.4% below its potential level.
Commercial property examiner summer 2023A combination of sharply higher inflation and interest rates has created a cost of living crisis that has held back the UK economy. Following a lack of growth in the three months to February, the economy shrank by -0.1% in the three months to May.
Q2 2023 commercial property examinerThe 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 examinerForecasts 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 examinerForecasts 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 examinerDespite a satisfactory performance by the UK economy so far this year, the risks of a recession are increasing.
Q1 2022 commercial property examinerRussia’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 updateThe 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 updateGrowing 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 updateThe 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 updateThe 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 updateThe third lockdown has had very little impact on the trajectory of macro-economic forecasts for the UK economy.
Q4 2020 commercial property updateThe 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 fundsConventional market cap weighted portfolios lack diversification, which has the potential to lower their returns and increase risk.
Q3 2020 commercial property updateThe combined fall in UK economic output in March and April amounted to -25.3% but was shallower than expected.
Q2 2020 commercial property updateWithout 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 updateThe 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 updateIn 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.
Q2 2019 commercial property updateIn 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.
London residential market outlookCluttons predicts that the London residential property market will fall a further 10% before prices begin to recover in a year to 18 months’ time.