TAP becomes first offshore member of Reita

Launched in February 2005, TAP is a Guernsey-based high income commercial property investment company with assets totalling over £240m (as at March 31 2008) and providing investors with a high income from a diverse portfolio of commercial property in the UK and Channel Islands. The portfolio comprises over 70 office, industrial, retail and leisure property assets and is managed by Valad the "value adding" property fund and asset manager. Dave Butler, head of external affairs at Reita, commented: "We are delighted to have TAP onboard. The proposition of tax efficiency, high dividends and a...