HL Select's Clayton backs specialised property sector to deliver income

Manager bullish on warehouses and e-commerce

Hargreaves Lansdown Select UK Income and Growth funds are favouring a non-traditional allocation to real estate in order to secure high-quality income growth over the long term.

Manager of the HL Select fund range Steve Clayton said that while traditional retail property has begun to suffer disruption, there was security to be found in more specialised real estate investments. "You cannot run an e-commerce retail operation without having a large warehouse to store and dispatch the goods from," the manager said.  "Companies struggle to get hold of these [warehouses] because there are not that many sites that are suitable in terms of size and location. "Tritax [Big Box Real Estate Investment Trust] has built a multi-billion pound portfolio let to a very blue...