With the revival in UK commercial real estate now firmly entrenched, it’s hardly surprising that interest has switched from those areas already in top gear, such as central London, to what were previously considered investment graveyards. To harness the scope for a recovery in capital values, real estate investment companies (Reits) have been springing up. Investor demand has been strong, with shares on offer through a spate of initial public offerings (IPOs) being snapped up with little hesitation.
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