Investec steps up property exposure

Investec Wealth & Investment (IW&I), said yesterday it has boosted its investment into UK commercial property by £500m as it bets on a recovery in property values outside London. The fund manager said it has increased the proportion of funds invested in direct UK commercial property from 2.5 per cent to 5.5 per cent, a £500m rise in the total amount of UK client money invested in the asset class.