Focus, people - specialised property companies produce bigger returns

摘要

Market watchers will be keeping a close eye on Hammerson following its bold decision to focus entirely on the retail sector. Giving up a lifetime of diversification will not have come easily. But the hard facts suggest the company may well be right, securing first-mover advantage among the large multi-sector REITs. Evidence shows that those real estate companies that specialise - either in a sector, location or development - are more likely to outperform.