“High yield would be higher than 5-6% IMHO” strange then that majority of commercial investments with good covenants are exchanging for 5% to 6% then.
Recent example part of retail park development. Tenants = 3, all Plc. Purchase Cost £87m yield 5.1%
If anyone is looking for yields above 6%, they need not consider Plc covenants or good lease terms.
Obviously the Institution and main stream investors have got it all wrong?
“6% would not be high yield for my bank” is that with a specific client?
Why do banks have to come into the equation. If internally funded, 5-6% is a dream return in the current financial market.
The above comments relate to investments in UK.