Total returns on the IPD UK Monthly Index fell by a massive 3.6% in November - the fourth consecutive monthly fall. This was also the worst monthly total return on record, beating the -1.8% recorded in May 1990 by some distance. The year-to-date return now stands at -1.8%, indicating a negative total return on the UK Annual Index for the first time since 1992.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
