FTSE 100 down, but commercial property firms up
The FTSE 100 had taken a slight dip this morning (January 12th), trading down by 0.04 per cent as of 08:33 GMT.

However, the same could not be said for the major commercial property firms that trade on London's premier stock index.

British Land was up by 1.43 per cent on yesterday's close, increasing its standing by 6.6 points.

Meanwhile, Hammerson had lifted its share price by 0.85 per cent - a more than three-point hike.

To complete the FTSE 100 hat trick, Land Securities had climbed by more than one per cent on Wednesday's close, increasing its position by 6.5 points.

Over on the FTSE All-Share, Development Securities had slid by 0.65 per cent following the recent release of its interim management statement.

This is despite a number of successful London commercial property investments, such as in Greenwich.

Chief executive of Development Securities Michael Marx said City offices and West End homes "appear to us to have reached demanding levels of valuation due, not insignificantly, to the quantum of overseas funds that have been deployed therein".

Posted by Sarah Dudley

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