Covid-19: A message from our Chief Investment Officer, Tim Munn

Date:

COVID update April 16 Text

Our 2020 UK economic forecasts have been downgraded as a result of the pandemic and short-term GDP contraction. A rebound in activity is anticipated in the second half of the year, but risks are skewed to the downside. In the attached paper authored by Tom Duncan, Senior Associate and Frances Spence, Director, in our Research, Strategy & Risk Team, we examine the potential impact the pandemic and its economic fall-out will have on the real estate market and its different sectors.

In summary, we expect UK real estate to suffer short term adverse impacts with weaker rental growth, more tenant failures and some yield softening; however the impacts will vary by sector.  In the longer-term, real estate demand should remain robust as the economy follows a U-shaped recovery path.  We conclude that the pandemic will accelerate many of the structural changes that were already altering the nature of modern occupier demand.

At Mayfair Capital, we employ a thematic investment approach, focusing on high quality real estate suitable for modern occupiers to provide our investor clients with resilient and sustainable income returns.

Download the flash comment update PDF by Tom Duncan and Frances Spence here:

Contact

James Lloyd

jlloyd@mayfaircapital.co.uk
+44 20 7291 6664

Deanna Oyin-Adeniji

DOyin-Adeniji@mayfaircapital.co.uk
+44 20 7291 6667

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Telephone: +44 203 995 6676

Further information

If you would like to find out more about Mayfair Capital please contact James Lloyd, Head of Business Development