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Saville Gordon Plans Offshore Unit Trust

LONDON- Specialist industrial investor Saville Gordon has confirmed that it is actively considering setting up an offshore property unit trust.

By Graham Parker | Updated on May 09, 2001

LONDON- Specialist industrial investor Saville Gordon has confirmed that it is actively considering setting up an offshore property unit trust. The trust would offer potentialinvestors a specialised vehicle investing in the ownership and management ofsmaller multi-tenanted industrial estates.

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.

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