PFB launches commercial property portfolio

Pinder Fry & Benjamin (PFB) has launched a limited partnership commercial property portfolio. The Gold 5 Property Income Portfolio LP is to be managed by ING Real Estate Investment Management and will offer a yield of around 7.2% per year. The offer is open to UK residents and non-residents, companies, trusts and Furbs and is available through Sipps and Ssas vehicles. The minimum investment is £40,000 directly or £25,000 through the exempt unit trust, the investment period is seven to nine years and the closing date is April 18. Commission to advisers is 5% of the cash invested.