Investment Rating - The report indicates a generally positive sentiment across various sectors, with stable returns expected in most categories [3][6]. Core Insights - The report highlights that the demand shock from tariffs supports lower inflation and interest rate cuts, with expectations for the Bank of England to lower rates by 25 basis points twice by the end of the year [8]. - Bond yields have stabilized after volatility, with the 10-year gilt yield dropping to approximately 4.50% from a peak of 4.75% [9]. - The UK government is encouraging pension funds to allocate 10% of their assets to private markets by 2030, aiming to stimulate economic growth and enhance returns [10]. Sector Summaries High Street and Retail - High Street properties maintain a yield of 2.75% - 3.00% with a positive sentiment [3]. - Retail properties on Oxford Street yield 4.50%, remaining stable [3]. Office and Industrial - Secondary regional cities show yields of 11.00%+, indicating a negative sentiment [6]. - Southeast business parks yield 8.00%+, also reflecting a negative outlook [6]. Warehousing - Secondary distribution yields are stable at 6.00% [6]. - Major distribution/warehousing properties yield 5.00%, remaining stable [6]. Healthcare and Specialized Sectors - Healthcare properties for non-profit operators yield 4.75%, stable over the period [6]. - Data centers yield 5.00%, maintaining stability [6]. Leisure and Hospitality - Prime leisure parks yield 8.00%, remaining stable [6]. - Budget hotels in London yield 4.75%+, indicating stability [6].