Pension funds and charities invested £147m in property unit trusts in the three months to September, according to the Association of Property Unit Trusts (APUT).
The amount of new money raised in the third quarter was 22% up on the same time last year, but 14% down on the previous three months.
At the end of September, the total value of funds managed by APUT’s 22 members stood at £3.3bn, up by almost one quarter on last year.
Some £9.4m of units were sold back to the funds and £58m were bought and sold between investors in the secondary market.
APUT chairman Peter Farnfield commented: “The heightened activity in the secondary market reflects a significant increase in the trading liquidity of our members’ funds.”
