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Commercial property investors 'should take risks this year'

The best strategy for commercial property investors in the UK this year will be to take risks, it has been claimed.
According to Robin Martin, head of research for Legal & General Property, the industry could generate considerable profit in 2010 if those within it are brave enough, the FT Adviser reports.
He commented: "In light of fragile economic growth figures released during the first quarter, the best returns will rely on good stock-picking of assets and a selective approach to taking on greater investment risk."
This is in contrast to last year, when the key to success was avoiding potential peril.
The expert also noted that commercial property could produce "excellent" returns over the course of 2010.
Recently, the Royal Institution of Chartered Surveyors suggested that the upswing in the commercial property market on a global level is continuing, with Latin America and Asia leading the way at present.
John Newton, commercial property partner at Lamport Bassitt, said: "We are experiencing considerable activity in the commercial property investment market at present.
"This is clearly being fuelled by a quite artificial set of circumstances, namely the historically unparalleled low returns on fixed yield investments.
"Another unusual feature of the current market is that many of the buyers who are active have very low or no borrowing, which makes them able to move very quickly and seize what they see are opportunities."
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