Waypoint Asset Management flags UK growth slowdown as September PMI momentum fades

By Public Technologies
  • Waypoint Asset Management flagged a sharp loss of momentum, despite Q2 GDP growth revised up to 0.5% from 0.4%.
  • London office demand stayed active, led by JPMorgan AM’s 465,000-sq-ft One Spitalfields pre-let to Jane Street.
  • Pricing signals stayed mixed as GPE marketed 30 Duke Street for GBP 250 million at a 4.5% yield, supported by GBP 12.6 million rent.
  • UK retail investment improved with Landsec’s GBP 516 million Metrocentre acquisition at a 7.9% net initial yield, funded by a GBP 500 million share issue.
  • UK housing supply tightened as England planning approvals fell to 45,315 homes in Q2, down 21% quarter-on-quarter.


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