Henderson Global Investors’ global property assets under management increased by a modest £100m to £12.5bn over 2012, as a result of low capital growth.
The insurance giant transacted £1.7m of real estate assets last year, with £847m transacted in the London office. The UK office had £6.9bn of assets under management as of 31 December.
Real estate accounts for 19% of the company’s asset allocation.
Mike Sales, managing director and chief investment officer, said: “Looking forward to 2013 and beyond, we hold a sense of optimism. Backed by its traditional fundamentals of strong income return, relatively low correlation with other asset classes and the potential to hedge inflation, the virtues of real estate are rightly attracting increasing interest as investors turn to ‘real assets’.”
sophia.furber@estatesgazette.com
