F&C REIT has reported good results across all three of its commercial property vehicles.
Asset management company F&C REIT has ended its first full year with "outstanding" performance across its portfolios, the firm has said, which may interest those seeking
commercial property finance.
The performance of all three closed-ended listed UK commercial property vehicles managed by the firm all comfortably outperformed the Investment Property Databank benchmark.
Since the company was launched in September 2008, F&C REIT has completed transactions worth over £1 billion and last year secured one of the biggest property deals of the year with the acquisition of the Dawnay Day portfolio.
"Increased investment in new properties, aligned with continuing good asset management activities for existing properties in the portfolios are the primary reasons for the strong performance," commented Leo Noe, executive chairman of F&C REIT.
In January, F&C REIT announced that it had let England's oldest shop, a Grade I listed building in Chester which is estimated to date back to the 13th century.
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