Private equity is set to snap up a slew of undervalued REITs as the gap between market value and assets grows wider.
Listed funds with assets worth £17.3bn, but only valued by the public markets at £10.9bn, are in the frame, according to research by Investec.
It found that the average discount of a group of 14 London-listed funds widened from 13% to 37% last year amid concerns about the underlying values of their investments.
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Including:
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Decision deferred on former National Institute of Agricultural Botany revamp
Developer has taken 10 storeys off proposals since first filing
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