European investment manager Rockspring has made a move into real estate development to take advantage of office supply shortages in some European markets. 'Since our foundation we have always focused on income-producing assets, and managing and improving that income has been the principle key in our strategy,' said chairman Richard Plummer in an interview with PropertyEU.
European investment manager Rockspring has made a move into real estate development to take advantage of office supply shortages in some European markets. 'Since our foundation we have always focused on income-producing assets, and managing and improving that income has been the principle key in our strategy,' said chairman Richard Plummer in an interview with PropertyEU.
'That said, we anticipate that shortages of supply in a selected number of markets suggest a potential increase in rental values. This means that the risks associated with development are well rewarded by higher returns, currently making acquisitions of development projects an attractive investment.'
The London-based fund management house recently announced the purchase of the Centurion House speculative redevelopment scheme in the City of London as well as a development project in Weybridge, Surrey for its UK Value Fund. Plummer said he expected that in the year ahead offices will have a larger role in the company’s acquisition programme, which has traditionally privileged the retail sector.
The full interview appears in the March edition of PropertyEU Magazine. Click on the link below to subscribe
