Asset manager says UK property now toxic, names British Land and Land Securities

Asset manager says UK property now toxic, names British Land and Land Securities

The U.K. commercial property sector has become a "toxic environment" for investors, according to Plurimi Wealth's chief investment officer. Patrick Armstrong told CNBC's Pro Talks that the real estate sector was "sensitive" to higher interest rates, which he thinks will lead to lower property values and share prices. Armstrong also revealed that he was betting against British Land and Land Securities , two of the largest property development and investment companies in the United Kingdom, by short-selling their shares. Short-sellers …