IPOs float investors' boat as confidence in property returns

摘要

Kennedy Wilson's forthcoming £750m IPO (initial public offering) is one of the biggest indicators of recent times that confidence is back in the UK real estate sector (£750m float of confidence, 31.01.14). The sector is back in vogue, and institutional investors and several listed companies are finally trading at premiums, rather than discounts to net asset value (NAV). Now that the window to float the right sort of vehicle with the right management seems to be open, Kennedy Wilson is unlikely to be the only investor looking at the equity markets with a sense of curiosity.