UK Commercial Property won the Best Property Fund category of this year's Investors Chronicle fund awards. Performance has also been strong, with the shares up 4 per cent over five years and the portfolio value roughly flat. This is all the more impressive because the company was only launched in 2006, with a further capital raising in 2007, so its assets were bought at near-peak valuations.
72.25p
Its resilience is best explained by good balance-sheet management. Uniquely for the listed property sector, it entered the downturn un-geared and still has the lowest gearing in the sector.