2025年10月投资收益率指南

This yield guide is for indicative purposes onlyand was prepared on 08 October 2025. Knight Frank Intelligence Based on rack rented properties and disregards bond type transactions Prime Yield Guide – October 2025 This yield guide is for indicative purposes onlyand was prepared on 08 October 2025. Knight Frank Intelligence Based on rack rented properties and disregards bond type transactions Prime Yield Guide – October 2025 This yield guide is for indicative purposes onlyand was prepared on 08 October 2025. Knight Frank Intelligence Click here to view previous data L E A D I N GI N D I C A T O R S D E B TM A R K E T– 6 O c t o b e r 2 0 2 5 French yield rise narrows gap with UK gilts.The spread between UK and French 10-year yieldsmay narrow in the near term. UK Gilts remain elevated at around 4.75%, while French government bondshave edged higher to roughly 3.59% amid political uncertainty. The UK’s relative political stabilityprovides support for gilts, helping to stabilise spreads against a more uncertain European backdrop. Refinancing and investment activity drive lending recovery.Net lending to UK commercialproperty rose in August, reaching the strongest monthly figure since May 2020. This lifted the 3-monthtotal to £6.3bn, the highest level in 15 years, mostly seen against standing investments. Refinancingremains a key driver of activity, reflecting solid lender appetite and a supportive financing backdrop. Softening PMIs reinforce the case for further policy easing?The UK services PMI fell to 50.8 inSeptember, from 54.2 in the previous month. This easing in PMIs suggests softening demand, slowerprice growth, and cooling labour market dynamics. Markets currently expect the bank rate to hold untiladditional cuts in 2026. Source: Macrobond, ICAP E S G Industrial Open Storage Report - 2025 Prime Yield Guide – October 2025 This yield guide is for indicative purposes onlyand was prepared on 08 October 2025. Knight Frank Intelligence We like questions. If you would like some property advice , or want more information about our research, we would love to Emily Miller Jeremy Tham Partner – Valuation & Advisory - Head of UK FundValuations+44 20 7861 1483Emily.Miller@KnightFrank.com Partner – Valuation & Advisory - Head of Real EstateFinance Valuations+44 20 7861 1769Jeremy.Tham@KnightFrank.com Simon Gillespie Chris Galloway Partner – Valuation & Advisory - Head of BusinessDevelopment UK Fund Valuations+44 20 7861 1297Chris.Galloway@KnightFrank.com Partner – Valuation & Advisory - Head of Central LondonValuations+44 20 7861 1292Simon.Gillespie@KnightFrank.com UK Logistics Market Dashboard An overview of the UK investment and occupier markets as well asseveral key trackers we are currently following as we observe theirimpact on the industrial and logistics market. Matthew Dichler Will Matthews Partner – Valuation & Advisory – UK Fund Valuations+44 20 7861 5224Matthew.Dichler@KnightFrank.com Partner – Research - Head of Commercial+44 20 3909 6842William.Matthews@KnightFrank.com K n i g h tF r a n k V & A D i dy o u k n o w In addition to valuing assets in the main property sectors andhaving award winning teams in the Healthcare, Student andAutomotive sectors, Knight Frank also has expertise in : •Waste and Energy•Infrastructure•Garden Centres•Film Studios•Serviced Offices•Data Centres •Life Sciences•Income Strips•Ground Rents•Trading assets•Expert Witness•IPOs Knight Frank Research provides strategic advice, consultancy services and forecasting to a wide range of clients worldwide including developers, investors,funding organisations, corporate institutions and the public sector. All our clients recognise the need for expert independent advice customised to their specificneeds. Important Notice:© Knight Frank LLP 2025. This report is published for general information only and not to be relied upon in any way. Although highstandards have been used in the preparation of the information, analysis, views and projections presented in this report, no responsibility or liability whatsoevercan be accepted by Knight Frank LLP for any loss or damage resultant from any use of, reliance on or reference to the contents of this document. As a generalreport, this material does not necessarily represent the view of Knight Frank LLP in relation to particular properties or projects. Reproduction of this report inwhole or in part is not allowed without prior written approval of Knight Frank LLP to the form and content within which it appears. Knight Frank LLP is a limitedliability partnership registered in England with registered number OC305934. Our registered office is 55 Baker Street, London, W1U BAN, where you may lookat a list of members' names.Your partners in property. Knight Frank ResearchReports are available atknightfrank.com/research