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| RESEARCH
INTO SUCCESS OF PROPERTY PORTFOLIOS FOR CHARITIES |
13/01/04 |
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Charities
are being urged to take part in a major survey assessing the impact of property
investment on sector income since the market opened up three years ago.
Independent market research specialist The Charity Fund Partnership has
teamed up with The Charities Property Fund to conduct what will become a
biennial Charities Property Survey, identifying trends in property investment
and promoting good practice.
The Charities Property Fund claims indirect property investment is beginning
to take off among charity investors, as there was a record number of investors
into the fund during the final quarter of 2003.
Figures reveal that 48 new investors committed funds to The Charities Property
Fund between October and December 2003, taking the total fund value to just
over £135m. There are now 308 charities invested in The Charities Property
Fund.
Over the last ten years, property investments have outperformed gilts, UK
equities and cash, and Alison Puhar, director of Savills Fund Management,
predicts it will see a total return of around 9% during 2004.
Puhar says: “Property had been a forgotten asset class until The Charities
Property Fund opened up the commercial property market to a wide range of
charity investors. Now, increasing numbers of charities are becoming aware
of the benefits of an investment in property.
"Property should be a part of a well-balanced charity portfolio as
it provides a predictable income return and low volatility compared with
other asset classes.”
For a copy of the questionnaire contact Kate Dixon on 020 7597 1455
or email kdixon@carr-sheppards.co.uk.
A summary of the results will be sent free of charge to all participants.
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