Why Tom Winnifrith is wrong about commercial property in general and IWG in particular
By In house Euro loon Jonathan Price | Wednesday 3 June 2020
Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
On several occasions in the last couple of months, our venerable Sheriff has explained his view that commercial property is uninvestable on either a short term or long term view and that although the share price of British Land (BLND) and Land Securities (LAND) stand at a big discount to their NAV, the real value is substantially lower. The purpose of this note is to put the alternative view.
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