An unloved small-cap property company

As an investment idea, owning shares in UK commercial property companies is on the contrarian side. But this small-cap company is making a healthy return on its portfolio and has good prospects for the future, says Tom Bulford.

"To be honest, I don't know how we got here", says a reflective Paul Bassi.

Bassi is Birmingham's best known property investor. I spoke to him recently at his elegant head office in the heart of the city's financial district.

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Tom worked as a fund manager in the City of London and in Hong Kong for over 20 years. As a director with Schroder Investment Management International he was responsible for £2 billion of foreign clients' money, and launched what became Argentina's largest mutual fund. Now working from his home in Oxfordshire, Tom Bulford helps private investors with his premium tipping newsletter, Red Hot Biotech Alert.