“The investor base in London is overseas-biased, so we could see that hit more than the rest of the UK,” she continues.
“Away from London offices, there will not be much effect on property whatever the referendum outcome. People are still going to shop and go to restaurants to eat whether in the EU or not.”
Brexit opportunities
Rowley also says the Brexit issue has a potential upside for her fund in that it could create good buying opportunities.
“Our medium-term view is that after the referendum, the UK will reassert its economic strength and fundamentals will be good irrespective of what happens,” she adds.
After a quarter of century, it is clear Rowley still enjoys her work, particularly when she can get out from behind a desk and travel the country.
“One reason I really enjoy the job is that it is not office bound,” she says. “I try and visit as many of my properties as I can on an annual basis and spend as much time out as I can. If I own a shopping centre in Maidstone, Kent, I will go down there and walk around. I want to have a look and check it is still fit for purpose for myself.
“I like being out and about, and sometimes I see things that give me new ideas I would not have had otherwise.
“I will never buy a new asset without seeing it for myself and getting a real feel for it. Anything can be made to look good in a brochure.”
