A discounted REIT to buy now

This real estate investment trust is carving out a niche for itself by recycling old offices. Investors should take advantage of the discount and buy now, says Max King.

buildings
(Image credit: © Getty Images)

Derwent London (LSE: DLN), a London-focused REIT has plenty of experience re-engineering old buildings, which should help it capitalise on current property trends across the capital.

“Refurbishment was our bread and butter,” says Director Nigel George, “notably the refurbishment of tired multi-let buildings.” Now, new builds account for around two-thirds of Derwent’s development pipeline and refurbishment only one-third but “we will do more in the future.”

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Max King
Investment Writer

Max has an Economics degree from the University of Cambridge and is a chartered accountant. He worked at Investec Asset Management for 12 years, managing multi-asset funds investing in internally and externally managed funds, including investment trusts. This included a fund of investment trusts which grew to £120m+. Max has managed ten investment trusts (winning many awards) and sat on the boards of three trusts – two directorships are still active.

After 39 years in financial services, including 30 as a professional fund manager, Max took semi-retirement in 2017. Max has been a MoneyWeek columnist since 2016 writing about investment funds and more generally on markets online, plus occasional opinion pieces. He also writes for the Investment Trust Handbook each year and has contributed to The Daily Telegraph and other publications. See here for details of current investments held by Max.