Property trust assets now worth £100m

The Property Income Trust for Charities has purchased three new properties, bringing its total assets to more than £100m.

It has acquired properties in Manchester, Cardiff and the Solent area. Investors can expect an annual yield of 5.7 per cent.

The trust, managed by Mayfair Capital Investment Management, is a property unit trust that has a special dispensation from HM Revenue & Customs that exempts it from stamp duty.

Fund director James Thornton said: "We have an active investment style and the exemption from stamp duty lowers our dealing costs so we can be more nimble in the market than similar trusts."

Have you registered with us yet?

Register now to enjoy more articles and free email bulletins

Already registered?
Sign in

Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus
Follow us on:
  • Facebook
  • LinkedIn
  • Twitter
  • Google +

Latest Jobs

RSS Feed

Third Sector Insight

Sponsored webcasts, surveys and expert reports from Third Sector partners


Expert Hub

Insurance advice from Markel

Cyber and data security - how prepared is your charity?

With a 35 per cent rise in instances of data breaches in Q2 and Q3 last year, charities must take cyber security seriously

Third Sector Logo

Get our bulletins. Read more articles. Join a growing community of Third Sector professionals

Register now