F&C REIT readies for open-ended fund launch

06/28/2010 | Reuters

F&C REIT is setting up an open-ended U.K. property fund to acquire discounted commercial buildings. "As the economy slowly recovers, we anticipate the demand for property will increase and, given low cash returns, believe that the opportunity cost and yield for commercial property is very attractive," says Julian Smith, one of the fund's two managers.

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