AIPUT awarded at IPD/IPF Property Investment Awards 2013

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SWIP (Scottish Widows Investment Partnership), on behalf of the Airport Industrial Property Unit Trust (AIPUT), is delighted to announce it is a joint-winner in the “Specialist” category at the IPD/ IPF Property Investment Awards 2013.

AIPUT was jointly awarded the “Specialist Pooled Funds and Traditional Estates1” at the thirteenth annual award ceremony, which took place at Berwin Leighton Paisner offices in London on Wednesday 20th March.

AIPUT – which is approximately £415m(2) in size – has achieved a property return of 9.5% per annum for investors, returning the highest three year annualised return margin relative to IPD sector/segment weighted average in the “Specialist” category.

The awards are determined by IPD using standardised data held in its extensive databases, recognising independently verified investment performance by pension and life funds, pooled funds, property investment companies and other professionally managed real estate portfolios in the UK.

Nick Smith, Manager of the Airport Industrial Property Unit Trust, SWIP said:
“This is an exciting announcement for AIPUT and reaffirms the capabilities and ambition of the Real Estate team here at SWIP to actively manage our assets and provide superior returns for our investors. This result also provides great recognition of the valuable customer relationships that we are forging. Delivering efficiencies and real estate solutions for our customers to combat these tough economic headwinds continues to be a priority for us.

“The £415m AIPUT fund manages over 2.4 million sq ft of prime airport cargo and warehouse space with a core focus at Heathrow. We will continue to identify and develop strategic cargo and logistic space that will provide sustainable capital growth and strong yields for our investors, whilst simultaneously serving the aviation community.”

March 2013