Columbia Threadneedle Real Estate has purchased the U.K. Property Fund (UKPF), providing clients with continuity through joining long-term institutional investors in the Threadneedle Property Unity Trust (TPUT). The additional assets take TPUT’s Net Asset Value to more than £1 billion ($1.3 billion).
Completion of the transaction marks the end of a complex process, during which both firms worked constructively to deliver a positive outcome for all investors. Both UKPF and TPUT provide institutional and professional investors access to a diversified portfolio of U.K. real estate assets. The merger of clients and assets into TPUT is believed to be the first unlisted transaction successfully completed this cycle and follows similar consolidation in the listed marketplace.
The 16 assets in UKPF are a complementary fit for TPUT, with the majority of assets being in industrials and retail, which tie into the long-term structural trends Columbia Thre
