Offshore: Funding the future
The Jersey property unit trust, or JPUT, has grown in popularity, helping to fuel interest in the island's commercial property sector. Edward Quinn writes that such an innovative and flexible structure looks set to to stay
Investment interest in the commercial property sector remains strong and Jersey’s popularity as a jurisdiction in which to structure property funds continues to grow. In the past year or so, all the evidence suggests the preeminent offshore vehicle of choice for commercial property investment or holding structures has been the Jersey property unit trust, or the JPUT, as this is now commonly referred to in the industry. Substantial portfolios in major industry sectors – office, retail, leisure and industrial – have been transferred to or acquired by JPUTs.
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