On 6^th February 2018, Columbia Threadneedle Investments announced that Don Jordison, Managing Director of Threadneedle’s property business and co-manager of the Threadneedle UK Property Authorised Investment / Threadneedle UK Property Authorised Trust (Feeder Fund), will be retiring on 1^st May 2018.  Existing co-manager, Gerry Frewin, will continue as manager after Mr Jordison’s retirement. Mr Frewin joined Threadneedle Investments in 2010 as an investment surveyor and was appointed co-manager of the fund in 2015. 

The firm's property finance and commercial director, John Willcock, will take over Mr Jordison’s role as head of the property team and will report to the firm’s EMEA CEO, Michelle Scrimgeour.  Mr Willcock will be supported in this role by the senior members of the property team.

We understand that there will be no changes to the fund’s philosophy or process.  This fund is invested directly in UK commercial property and the managers have a relentless focus upon income generation and a keen eye to value.  They have a special focus upon locating and enhancing value in properties that may not appeal to prime-only property investors.  As a higher-yielding offering, it incorporates different risks when compared to more mainstream UK commercial property funds.

As a reminder, Threadneedle UK Property Authorised Investment is a PAIF (a property authorised investment fund).  Investors who are not eligible for the tax benefits of PAIFs can access the fund through its feeder, Threadneedle UK Property Authorised Trust.

We have met Mr Frewin on many occasions as part of our regular research timetable and the fund continues to feature on our Recommended list.

For more information about the IA Property sector, please see our IA Sector Overview.