Asian Insurers invest £40 million into Schroder UK Property Fund
Schroder UK Property Fund (SPF) is today announcing the first investment into the fund by Asian institutions since it converted to a PAIF in July 2012.
Schroder UK Property Fund (SPF) is today announcing the first investment into the fund by Asian institutions since it converted to a PAIF in July 2012. Two large Asian insurance companies have chosen to invest £40 million into SPF, providing further evidence of the growing diversity of the investor base since its conversion.
James Lass, SPF Fund Manager, commented:
"Following a significant and detailed due diligence process which started six months ago, we are delighted that our new insurance clients have chosen SPF as their first overseas real estate investment. They had previously had a domestic real estate holding in Asia but decided to increase their exposure to the asset class and diversify outside of their home market. We agree with them that the UK property market is a safe haven for international as well as domestic investors.”
The Schroder UK Property Fund is Schroders’ flagship property fund. It provides investors with diversified exposure to over £1.4 billion of UK commercial property and is managed by our highly experienced property team. SPF has outperformed its benchmark over one and three years* and is available to UK domestic and International professional investors seeking to benefit from Schroders’ expertise.
*as at 31 December 2013
For further information, please contact:
Estelle Bibby, Senior PR Manager, Schroders
Tel: +44 (0)20 7658 3431 / estelle.bibby@Schroders.com
Note to Editors:
For trade press only. To view the latest press releases from Schroders go to: http://ir.schroders.com/media
Schroders has managed property funds since 1971 and currently has £10.6 (€12.8 /US$17.6) billion of gross property assets under management as at 31 December 2013. Schroder Exempt Property Unit Trust (SEPUT) became the largest UK fund to date to convert to a Property Authorised Investment Fund (PAIF) in July 2012, a tax efficient UK fund structure authorised and regulated by the Financial Conduct Authority. For further information about Schroders’ property business visit www.schroderproperty.com
Schroders is a global asset management company with £262.9 billion (EUR316.0 billion/$435.4 billion) under management as at 31 December 2013. Our clients are major financial institutions including pension funds, banks and insurance companies, local and public authorities, governments, charities, high net worth individuals and retail investors.
With one of the largest networks of offices of any dedicated asset management company, we operate from 37 offices in 27 countries across Europe, the Americas, Asia and the Middle East. Schroders has developed under stable ownership for over 200 years and long-term thinking governs our approach to investing, building client relationships and growing our business.
Past performance is not necessarily a guide to future performance and may not be repeated. The value of investments and the income from them may go down as well as up and investors may not get back the amount originally invested.
Further information about Schroders can be found at www.schroders.com.
Issued by Schroder Property Investment Management Limited, which is authorised and regulated by the Financial Conduct Authority. For regular updates by e-mail please register online at www.schroders.com for our alerting service.