OLIM: tried and tested

Article Abstract:

Real estate investment concern OLIM now has 20 clients and 300 million pounds sterling assets under management. Investment manager Matthew Oakeshott has successfully pursued an unusual investment strategy, focusing on high-yielding retail properties let on low rents, mainly in non-prime locations. The concern has no office property, and only a limited amount of industrial property. Its funds have performed better than the IPD indices, and its Value and Income Trust and OLIM Convertible Trust have both been highlighted for their performance.

Company Profile, OLIM

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L and G turns to equities as property prospects wane

Article Abstract:

Legal and General is moving away from real estate investments and toward investments in equities. The fund manager is reducing its weighting in real estate by using new funds for buying non-real estate assets such as equities, rather than by selling real estate assets. Rental growth looks set to reach 5% for 1995, with capital growth at between 1% and 2%, though some funds with prime locations in London, England, could achieve higher total returns.

Legal and General Group PLC

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Great Portland pursues long-term income growth

Article Abstract:

Great Portland Estates (GPE) is focusing on renegotiating leases to ensure steady income into the next century. It is looking to extend the average length of leases within the portfolio, and has already secured 83% of income until 2000 and 60% to 2005. This strategy could lead to a short-term reduction in income.

Great Portland Estates PLC

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