Standard Life property fund breaks £2 bn barrier

Standard Life Investments, one of the largest property fund managers in Europe, has announced that its Standard Life's Life Property Fund has broken through the £2 bn (EUR 2.9 bn) barrier in funds under management.

Invested primarily in direct property holdings in the UK, as well as other indirect property vehicles, the fund has outperformed its benchmark over one, three, five, 10, 15 and 20 years. Over the last three years it has returned 13.4% per annum on an annualised basis, while maintaining extremely low volatility levels of less than 2%, Standard Life said.

Separately, Standard Life Investments said it had been given public distribution status for its range of Luxembourg-based SICAV property funds in Germany. This gives German investors access to its Global REIT Focus fund and 15 other equity and bond funds. The Global REIT fund offers investors indirect access to the global property market.