Strutt & Parker - General - Limited Partnerships and Unit Trusts

Date: 05 Aug 2002

Strutt & Parker Real Estate Financial Services (SPREFS) has received authorisation from the FSA to set up and operate collective investment schemes (limited partnerships and unit trusts).

As of December 2001, all collective investment schemes require an authorised operator and promoter. SPREFS can also provide advice on tax efficient structures and routes to minimise currency exposure, which is particularly appealing to offshore investors.

Philip Ingman, Managing Director of SPREFS, comments:
"Gaining FSA approval has opened up many opportunities for SPREFS and we are currently finalising our first launch - an offshore unit trust aimed at sophisticated private investors. Our extensive research has shown a growing appetite for investment in commercial property from private investors and many IFA's have confirmed the lack of suitable investment product for their clients. In addition, we are designing several funds for private investors aimed at specific sectors of the UK property market including London offices, shopping centres and at the higher risk end, a fund aimed at financing development opportunities."

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