Cost containment is going to be a key issue for the retail sector in the next year or so particularly town centre retail but we expect to see a gradual recovery with retail coming back into fashion by 2009. |
Looking forward, there are clear signs that the office sector will deliver the strongest total returns over the next few years, led by the London City office market. |
Over the next few years, we anticipate more modest returns from commercial property which would place the property in its traditional place between fixed interest and equities. |