The Commercial Property Trust has secured £150 million from multiple
sources of finance for asset purchases.
Assets under management of the trust have now reached a combined value of £920 million, including
commercial development properties.
Some of the capital will be used as
commercial finance for new property acquisitions.
New and existing investors that have contributed to the new commercial funding boost include Pearl Group, which has invested £50 million alone.
Chairman of the trust Christopher Hill said: "I am extremely pleased to see that we have been able to raise additional capital for the company without dilution of the existing shareholders.
"This puts our managers in a strong position to continue the successful development and performance of the company."
The funding appears to have arrived at a key time in the commercial property market, with the Royal Institution of Chartered Surveyors last week suggesting that UK
development investment has become particularly attractive.
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