UK small investors have invested billions of pounds in property funds but Covid has affected them
In recent weeks there have been a stream of headline-grabbing announcements about workplaces and retailers. John Lewis has added eight stores to the list of outlets it will not reopen as coronavirus restrictions ease, the chocolate retailer Thorntons is closing all its 61 stores, and Santander is axing 111 branches and shutting several offices. Nationwide building society has told 13,000 staff that they can “work anywhere” when lockdown ends, while the publisher of the Daily Mirror has said most of its journalists will work from home.
The pandemic is changing the face of the workplace, and our high streets. But what does this mean for the owners of those buildings – who might, even if you don’t realise it, include you?
Time and again, property funds have failed the stress test