Columbia Threadneedle's Frewin: Central London property is an 'accident waiting to happen'

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Gerry Frewin, manager of the £1.6bn Threadneedle UK Property Authorised Investment fund, has warned Central London is the most volatile part of the UK property market, pointing to high valuations, oversupply and the continued uncertainty surrounding Brexit.

Speaking to Investment Week, Frewin said he does not own a single property in Central London, adding there would need to be a major fall in valuations for him to consider moving back in. In particular, the manager highlighted the City as the key area in Central London where the impact of Brexit would be felt the most as the ongoing tensions continue to hamper business sentiment. Brexit Blog: Northern Ireland minister urges businesses to support deal despite DUP objections According to EY Financial Services' October Brexit tracker, 35% of the 222 UK financial services firms tracked ...