SWIP Property Unit Trust celebrates

The Scottish Widows Investment Partnership (SWIP) is celebrating the first anniversary of its Property Unit Trust.

The SWIP Property Unit Trust delivered returns of 17.02 per cent over the last year and has investments worth £794.8 million.

Launched in November 2004, the trust was the first of its kind to offer 100 per cent exposure to commercial property for investors.

Gerry Ferguson, manager of the SWIP Property Trust, said: "The Trust has benefited from its exposure to high street shops and retail warehousing - two areas of the market which have produced the highest returns."

Meanwhile, the minimum investment for the SWIP Property Unit Trust still stands at £5,000, down from the £100,000 figure that was in place until July.