In 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 Trust/ Threadneedle UK Property Authorised Trust (Feeder Fund), would be retiring on 1st May 2018.

Henceforth, Threadneedle UK Property Authorised Investment / Threadneedle UK Property Authorised Trust (Feeder Fund) is managed by Gerry Frewin, lead manager, and Chris Morrogh, deputy manager.  Mr Frewin has been involved with the strategy since 2010 and worked alongside Mr Jordison as co-manager from 2015.  Mr Morrogh joined the firm in 1992 and has been responsible for the firm’s Jersey-based Property Unit Trust since 1998.

John Willcock has taken over Mr Jordison’s role as Head of UK Real Estate for Threadneedle’s real estate investment management business.

There are 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 as such, we are comfortable retaining the fund on our Recommended list.

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