The annual MSCI results are now available, and Consulco’s London commercial real estate portfolio outperformed the Greater London Retail property market by 6.8% during 2020.
Mr. Marios Hajiroussos, Managing Director of Consulco Group, commented ‘’2020 was a difficult year for UK real estate so it was particularly pleasing to note that our portfolio out-performed in all locations – West End and Midtown, City, Inner and Outer London. This has been achieved because of our property teams’ impeccable expertise, commitment and hard work.”
MSCI is a leading provider of market data and indices, across all asset classes. Its dataset represents $2tn in private real estate assets across 30 countries, stretching back almost 20 years, and over $450bn in publicly listed real estate, representing more than 170 listed companies – or private companies with public vehicles – predominately in the UK, EMEA and APAC.
The Consulco property portfolio achieved 8.18% per annum over London last 10 years despite Brexit and Covid and ranked as the 26th highest performer out of the 98 large London Commercial property portfolios monitored by MSCI.
As pointed out by Mrs. Christiana Solomou, Risk Manager “Our sound financial and property due diligence as well as the cost management controls empower our ability to timely identify and mitigate substantially the main product risks such as the development risk, the credit and liquidity risk and the tenant risk.”
Mr. David King, head of Consulco UK real estate added “Once again, the MSCI report illustrates our superior stock selection as a result of our team’s professional experience, intimate local knowledge and thorough investment underwriting.”
Consulco has been providing its performance data to MSCI since 2010, allowing MSCI to provide absolute and comparative performance figures over the short, medium and long term periods. Consulco has outperformed the MSCI benchmark over all its 1, 3, 5 and 10 years indices.
On this aspect Mr. Michael Tannousis, Director of Investment Services, said “Our consistently successful investment track record, as verified by MSCI, provides comfort and confidence to any well informed and professional investors that invested or consider investing into any of the Consulco UK funds “