Resolution to launch £500m commercial property trust

investment trusts

Resolution Asset Management will begin building its presence in the investment trust world with the ...

Resolution Asset Management will begin building its presence in the investment trust world with the launch of a property vehicle in September, followed by a possible European product later in the year. The £500m Resolution UK Commercial Property trust, under the management of Gary Hutcheson, will be fully invested at launch with assets transferred from existing Resolution life portfolios. Targeting an initial gross dividend yield of 5.25% with dividends paid quarterly, the trust will have 48% of its assets invested in offices, 36% in retail premises, 10% in industrial buildings and 6% in ...