Threadneedle Investments, a leading UK retail investment fund manager, has launched its first UK authorised property unit trust. The Threadneedle UK Property Trust will target a 4% net yield return based on income and capital appreciation primarily through investments in direct property and property-related securities and collective investment schemes.

Threadneedle Investments, a leading UK retail investment fund manager, has launched its first UK authorised property unit trust. The Threadneedle UK Property Trust will target a 4% net yield return based on income and capital appreciation primarily through investments in direct property and property-related securities and collective investment schemes.

The British company said in a press release issued on Wednesday that the new fund will be managed by Don Jordison and Chris Morrogh, two members of the Threadneedle team who run funds with about £1 bn in assets under management.

'This new product will seek higher returns by avoiding super prime investments and speculative development,' stated the fund manager Don Jordison. 'Unlike traditional property funds we believe there is greater scope to add value outside the super prime market. We think there is a good possibility of double-digit returns from the commercial property market this year', he added.