The value of two charity property funds has risen risen by more than 30 per cent over the year to June, according to figures from the Investment Property Databank.
Overall, the IPD balanced property funds index, which measures the performance of 27 UK property funds, rose by 19 per cent.
Figures from the databank show that:
- the £329m Charities Property Fund, managed by Cordea Savills, rose in value by 19.1 per cent;
- the £126m Coif Property Fund, managed by CCLA, rose by 30.6 per cent; and
- the £61m Property Income Trust for Charities, managed by Mayfair Capital, rose by 33.6 per cent.
The Charities Property Fund is down by 7.2 per cent down in value compared with three years ago. The Coif fund is down 6.4 per cent, and the Property Income Trust down 11.7 per cent.
The index overall is down 9.9 per cent on the position three years ago.