Aberdeen Asset Management has extended the life of its £511m Airport Industrial Property Unit Trust to 2036. Launched in 2005, AIPUT invests in and manages prime industrial warehouse assets on or near UK airports.
AIPUT said that the new extended structure allowed it to be more responsive to market conditions and now included redemption and liquidity provisions, an investor advisory committee and additional flexibility to raise future equity.
Fund manager Nick Smith said: “AIPUT’s new-generation structure allows it to be quasi-open ended over its life.”
Investors were advised by John Forbes Consulting.
