Affluent savers to earn 9% 'underwritten' by DTI lease - papers 30 October

A PROPERTY company is offering affluent savers the chance to earn 9% a year on a deal that is effectively underwritten by the Government - thanks to the generosity of the Department of Trade and Industry, the Times reports. Pinder Fry & Benjamin (PFB) is seeking to raise £28 million from private investors for a property limited partnership that will acquire an office block in Victoria, Central London, which is principally occupied by staff from the DTI. The firm said that the office building in Buckingham Palace Road is let almost entirely to the Government until 2021, with a clau...