UK - Following the closing of Schroders' new fund, Gresham Property Partners, the completion of the sale by Schroder Exempt Property Unit Trust (SEPUT), the UK's largest property unit trust (PUT), of a £93m portfolio to Scottish Widows and the issue in April of new SEPUT units, Schroders currently has approximately £300m of new money to invest in UK property.
Accordingly, Schroders is actively looking for property purchase opportunities that match its investment criteria.
William Hill, managing director of Schroder Property Investment Management said: We are confident about the health of the property market, and the PUT sector in particular. This confidence is underpinned by a clear appetite on the part of tax exempt institutional investors not only for new units, but also the re-emergence of an active secondary market in SEPUT units.
By Luke Clancy
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