Amid the gloom there are some bright spots in the sector
Thursday 13 Jun 2019 Author: Tom Sieber
Recent M&A activity shows the discounts to net asset value (NAV) endured by many property stocks are attracting interest from within the industry, showing UK assets still have appeal despite Brexit. However, the £415m bid from LondonMetric Property ( LMP ) for A&J Mucklow ( MKLW ) at the end of May may have been the exception in that it was successful and pitched at a premium to NAV...