UK commercial real estate funds lose currency

Last month, property company Brixton warned of a potential backlash from retail investors and a surge in redemptions as property returns slowed after a long boom. "The man on the street is flooding into commercial property and has been for two to three years now, arguably just at the time as the cycle is about to wane and turn, which is massively dangerous to the credibility of our market, particularly with the REIT legislation just kicking off," chief executive Tim Wheeler said.