Twitter icon Email alerts icon Latest News RSS icon Magazine icon Stay connected:

View the article online at

SLI secures £1.1bn property trust after Ignis assurance

by Eleanor Lawrie on Jul 02, 2014 at 11:34

SLI secures £1.1bn property trust after Ignis assurance

Management of the UK Commercial Property trust has changed from Ignis to Standard Life Investments with the existing team, including portfolio manager Robert Boag, moving across.

The £1.1 billion closed ended fund's share price returned 14.6% in one year to the end of June, compared with a rise of 12.1% for the MSCI ACWI/real estate benchmark. In three years, the trust's share price has returned 22.8%, compared with 28.4% for the benchmark.

The £390 million acquisition of Ignis by Standard Life Investments completed yesterday, and there is expected to be significant synergies made as part of the deal.

'Following detailed  discussions with  Standard Life  Investments ('SLI'),  the board is pleased to  confirm that SLI has also provided assurances regarding the retention of the team involved in the management and administration of the company which will  provide continuity for the successful  management of  the company going forward,' the UK Commercial Property Trust's board said in a statement.

SLI already has a real estate team of more than 120, with £10.5 billion in assets.

leave a comment

Please sign in here or register here to comment. It is free to register and only takes a minute or two.

News sponsored by:

Sponsored Video: Bringing it all back home

As the UK coalition government strives to rebalance the national economy, so called 'reshoring' looks set to play an increasingly important role in economic recovery.

Today's top headlines

The Citywire guide to investment trusts

Investment trusts have proved to be a highly effective way to invest in the market. Citywire has interviewed the experts to find out more.

Sponsored Video: Barings on investing in Frontier Markets

From Nigeria to Pakistan and from Kenya to Kuwait, frontier markets are catching investors' attention as never before.

More about this:

Look up the investment trusts

  • UK Commercial Property (Ordinary Share)
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them

More from us


On the road

Click here to find out more from the Audience Development team.

Sorry, this link is not
quite ready yet