Chief investment officer Ian Whittock tells investors UK is ‘opportunity of the decade’

Nick Duxbury, Property Week – 21 Nov 2008

Institutional investors should return to the UK property market because ‘it is the opportunity of the decade’, the world’s biggest property fund manager said this week.

Ian Whittock, chief investment officer at ING Real Estate UK, said:

‘It is the perfect time to invest.

‘Though it might not feel like it, there is less risk in the market now than there was 18 months ago.

‘This is the time for the institutions to make history. If you are in cash, then there is a superb opportunity. Be bold.’

Whittock told the 124 attendees at ING Real Estate’s 20th annual investor seminar at the Soho Hotel, central London, on Tuesday, that government intervention had broken the back of the credit crunch. ‘I think that the worst of the credit crisis is over – but unfortunately, not in time to save the economy. Full Article