Property outlook 2020: Brexit uncertainty weighs but opportunities to be found

Retail will continue to struggle

Continued Brexit uncertainty will "present both risk and opportunity" for UK property in 2020 with a generally positive outlook despite expected lower returns, fund managers believe.

Managers of UK property investment trusts continue to steer clear of London commercial property, while structural challenges facing the retail sector give pause for thought. However, both office space and industrial property in regional hubs are of interest. While 2019 saw pockets of buying and selling activity from some closed-ended property vehicles, they told Investment Week that asset management had been key to performance. M&G suspends £2.5bn property fund as assets plummet "We sold an asset in July and are looking to buy an asset or two at the moment, but the real focus for u...