ScotMut to launch property vehicle.(Scottish Mutual)(Brief Article)

Financial Adviser, September, 2002

by Simoney Girard

SCOTTISH Mutual is to launch a 10-year commercial property fund next month.

The Guernsey-based plan has been developed with London-based property agent Knights Frank and property manager Westbury, which Scottish Mutual said would lend credence to the fund.

John Gibbons, product development manager for Scottish Mutual, said: "The fund is available as an Isa wrapper for smaller investments while satisfying an income requirement by aiming for 7 per cent income."

The plan will buy properties such as retail warehouses and leisure facilities over the course of the first year, and will sell these before the last year.

The fund will buy shares in the Scottish Mutual Income Fund or Scottish Mutual Commercial...

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