Investors looking to diversify their property investments should consider buying into alternative sectors such as prisons, according to Principal Global Investors' Simon Hedger.
The managing director for real estate securities portfolio management was speaking at Investment Week's Property Breakfast Briefing in London on 22 October. Hedger has managed the £40m Principal Global Property Securities fund with Kelly Rush and Anthony Kenkel since 2009, and holds a broad selection of assets within the portfolio. These range from retail stores and offices to industrial properties and residential properties. But the manager suggested there are now opportunities in more unusual areas of the property market. "For those who are unaware of the benefits of investing in...
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