F&C property fund favours regional office buildings , industrial spaces and logistics sites in the UK . Richard Kirby , manager of the £ 1.2bn ( $ 12 ) F&C Commercial Property Trust said the fund was targeted at cities outside London where commercial landlords are facing increased competition from serviced office providers such as WeWork . Kirby said falling prices in London have prompted the fund to reduce its holdings in the capital over the past couple of years .
F&C property fund favours regional office buildings, industrial spaces and logistics sites in the UK. Richard Kirby, manager of the £1.2bn ($1.6bn) F&C Commercial Property Trust said the fund was looking at cities outside London where commercial landlords are facing increased competition from serviced office operators such as WeWork. Kirby said falling yields in London have prompted the fund to cut its holdings in the capital over the past couple of years.