UK Property

UK Property

Property group boss likens UK office values to ‘melting ice cubes’

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Office buildings are like “melting ice cubes” for investors because of how fast they are depreciating in the current market, according to the chief executive of one of the UK’s largest listed landlords. Andrew Jones leads LondonMetric, which will break into the FTSE 100 this week after a series of deals culminating in a £1.9bn all-share takeover of smaller rival LXi, completed this year. The company now ranks third by market capitalisation among...
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