Bringing you live news and features since 2006 

Standard Life Sipp adds 1,000th commercial property

RELATED TOPICS​

Standard Life has added the latest commercial property to its Sipp platform bringing the total number of properties under management to 1,000 in less than five years.

Standard Life has added the latest commercial property to its Sipp platform bringing the total number of properties under management to 1,000 in less than five years.

Alistair Hardie, head of Sipp, Standard Life, says: ‘Our Sipp has been a fantastic success since launch and commercial property has clearly captured the imagination of many investors. Smashing through the 1,000 property barrier in less than five years is astonishing, and demonstrates the broad appeal of Sipp for long-term financial planning.’

The total gross value of properties under management in the Sipp is GBP291m. The single property with the highest value is worth GBP6m, while the average gross property value is GBP294,535.

There are 416 mortgages charged against properties, with a total value of GBP62.3m, and 564 properties are held through syndicate purchase.

The property portfolio consists mainly of offices, shops, industrial units, dental practices, pubs and storage units

Hardie adds: ‘We believe that confidence is returning to the commercial property market, although we anticipate further downward pressures in returns for current holders of UK property over the next 12 months. However, longer term investors, particularly those with equity holdings, should begin to look more closely at the property market.’

Latest News

News came last night from the US that the SEC has approved CBOE’s proposal to list and trade VanEck’s spot..
Irish domiciled funds surpassed EUR4.3 trillion AuM (Assets under Management) at end-March 2024, a 15 per cent increase in net..
European white label ETF platform, HANetf, has announced its total assets under management (AUM) has now exceeded USD4.31 billion...
New research from European ETF provider Tabula Investment Management shows investors are expecting improvements in ESG from the gold mining..

Related Articles

Timothy Rotolo, Range Funds
In 2023, Timothy Rotolo launched his business, Range Fund Holdings, the parent company for Range Indices and Range ETFs, followed...
Dan Miller, IQ-EQ
With just over a week to go till T+1 settlement begins in North America, Canada and Mexico, time is of...
Emily Spurling, Nasdaq
Last October’s ETF Express US Awards 2023 found Nasdaq winning Best Index Provider – ESG ETFs and Best Index Provider...
Vinit Srivistava, MerQube
Index provider, MerQube, launched in 2019, with the aim of providing a “technology-driven answer to the most complex, rules-based investment...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by