Prime yields falling to 'unjustified' levels in the UK

The wall of money hitting the UK market has caused prime yields to fall below pre-Lehman levels, according to Paul Clark, director of investment and asset management at the Crown Estate. 'With the occupier market still weak, it's hard to justify prime pricing,' he said. 'I'm less enthusiastic about the market than three to four months ago. The occupier market is at best sluggish and at worst it's in a pretty bad way.'

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