The right buyer

18th July 2014

The FT considers what sort of buyer might purchase the portfolio of 1,439 flats planned for rental at the Olympic Village in London by developer Delancey and the property arm of the Qatari sovereign wealth fund,

Qatari Diar. Alex Greaves, residential fund manager at M&G Real Estate, believes the flats are unlikely to go to an institutional buyer because of “the risks of geographical concentration and the fragmented management demands of the portfolio”, while Andrew Allen, head of global property research at Aberdeen Asset Management, comments that the buyer would have to be comfortable with the future of UK house prices due to residential market investments not producing a high income.

Source:   Financial Times (12.07/2014)