In my conversations with executives, analysts and fund managers over the past few months, one topic has come up again and again: Britain’s desperate lack of high-quality commercial property. The situation is particularly acute in certain niche markets, such as industrial property and central London.
Buyers are starting to take note. Industrials Reit (which I highlighted in early February as “far too cheap”) is in the process of being acquired by US private-equity giant Blackstone for 168p a share, a
