Two Jersey property portfolios from SLI

Standard Life Investments (SLI) has launched two property portfolios with assets transferred out of its parent company's life fund. While the focus is currently on institutional investors, David Paine, SLI property investment director, said it is likely intermediaries will be offered the products in the future on condition that their clients meet the appropriate investment criteria. With both structured as closed-end Jersey property unit trusts, the majority of the £1.5bn UK Shopping Centre trust and £800m UK Retail Park trust is still held by the life fund, although £380m was sold to the...