M&G, which recently split from its parent Prudential, has temporarily suspended dealings in its property portfolio. It said Brexit-related political uncertainty and structural shifts in the UK retail sector had made it difficult to sell commercial property to meet demand from investors to have their cash returned.
M&G’s top holdings at the end of October 2019 were:
1 New Square, Bedfont Lakes office park – 7.09% of the fund
(Office development in Heathrow)
2 Wales Designer Outlet, Bridgend – 5.07%
(Tenants include Marks & Spencer, Gap and Next)
3 Parc Trostre retail park, Llanelli, Wales – 4.5%
(Tenants include M&S, Debenhams, New Look, Primark, River Island and Next)
4 Fremlin Walk shopping centre, Maidstone – 3.47%
(Tenants include House of Fraser, Laura Ashley, HMV, Paperchase, River Island, Superdry, Topshop and Zara)
5 Iron Mountain distribution warehouse, Belvedere, Kent – 3.41%
6 Riverside retail park, Chelmsford – 3.39%
(Tenants include Sports Direct, Matalan, Home Bargains, Poundstretcher, Smyths Toys)
7 Aurora, 120 Bothwell Street, Glasgow – 3.21%
8 Gracechurch Centre, Sutton Coldfield near Birmingham – 2.82%
(Tenants include House of Fraser, New Look, Sports Direct, Topshop, River Island and JD Sports)
9 Enterprises House, Uxbridge – 2.47%
(UK and European headquarters for Coca-Cola)
10 Lindis retail park, Lincoln – 2.42%
(Tenants include Sainsbury’s, Matalan, Bargain Buys and Domino’s)
Written by admin
www.askwebman.com (askwebman.com) is a participant in the Amazon Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to amazon.in.
In addition to askwebman’s participation in Amazon’s program, askwebman.com also participates in a number of other affiliate programs. That means when someone clicks on an affiliate link and purchases a product,askwebman.com receives a small commission.
This commission does not cost you anything, nor does it affect our judgement when it comes to selecting which products we showcase in our content.