Schroders Exempt Property Unit Trust (SEPUT) produced a 15.1% annual return in the six months to the end of January 1998, according to results published this week.
The figures show that the capital value of the trust has increased from £624.6m at the end of last July to £788.3m.
A Schroders’ spokesman said that it had bought £50m of investments in the first quarter of 1998. During the six months to January, SEPUT spent £95.6m on property.
Deals included a £12m stake in the Princess Square shopping centre in Bracknell and a £30m third share in the Monks Cross shopping centre north of York.
