UK - Standard Life Property Investments has launched a UK property income fund which is targeting an annual dividend yield of 6.5%.
The £250m fund is underpinned by an “institutional quality” portfolio of properties which are let on long leases to high quality tenants.
The fund has been set up as a Guernsey-based investment company quoted on the London Stock Exchange.
Standard Life Property Investments investment director property Andrew Jackson said: “Many investors are currently sitting on cash holdings earning low rates of interest and this fund presents an alternative which provides a higher running yield, combined with the prospect of potential capital growth from the underlying property portfolio.”
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