Following the move by corporate predator Trefick to sell its 29.7% stake in the company, Saville Gordon has been looking at ways of reducing its gearing. It has considered selling assets and restructuring through joint ventures or limited partnershipvehicles. The company claims the new vehicle would be one such method to deliver shareholdervalue and increase its activities in the industrial property sector.
Saville Gordon CEO Roger Carey said: 'We are exploring the potential for the creation of a tax-efficient vehicle which can combine, through co-investment, our interests with direct property investors in the strongly performing industrial property sector. Interest to date hasbeen most encouraging.'
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