Threadneedle Property Unit Trust

Responsible Investment Update

Important announcement regarding Net Zero Carbon and SFDR:

As communicated in the Fund’s Annual Report to 31 March 2022, the Manager and the Investment Advisor have been working to enshrine ESG Key Performance Indicators within the Fund Prospectus, including a commitment to achieve net zero operational carbon emissions by 2040, alongside disclosures under Article 8 of the EU Sustainable Finance Disclosure Regulations (“SFDR”).
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Fund Objective & Policy

Threadneedle Property Unit Trust is an open-ended diversified UK real estate fund (’the Fund’), managed with a focus on income yield, active asset management and Responsible Investment.
The objective of the Fund is to provide Unitholders with an indirect investment exposure to a diversified portfolio of property assets in the United Kingdom. In seeking to achieve this objective, Columbia Threadneedle Investments follows an investment approach which aims to deliver positive financial, environmental and social outcomes. Details of the Fund’s investment restrictions and responsible investment approach are set out in the Fund Prospectus, including reference to the Fund’s financial benchmark, currently the MSCI/AREF UK All Balanced Open-Ended Property Fund Index. Unitholders have a right to the income of the Fund, which is generally allocated monthly and paid at the end of each quarter.
We strive to be responsible stewards of our clients assets and the Fund is managed in accordance with our longstanding ESG principles. We believe investing responsibly is complementary to our funds’ financial objectives, and our active management bias provides the best potential to deliver positive environmental and social impact alongside financial performance. These principles are enshrined within the Responsible Investment Approach set out in the Fund Prospectus.
2022 AREF Corporate Governance Quality Mark
GRESB 2022 3star rating

Key Facts

Structure
Jersey Property Unit Trust
Approach
Core
Dealing
Monthly
Asset Exposure
Property, cash, indirect
Launch Date
March 1999
Lead Portfolio Manager
James Coke

Investment Philosophy

Graph showing investment approach process

Threadneedle Property Unit Trust (TPUT) Investment Advisor’s Annual Investor Presentation

We recently hosted the annual investor presentation, where James Coke, Fund Manager of TPUT, reflected on current and anticipated market dynamics and offered a view in support of UK real estate looking forward.

There was also an update on decarbonisation opportunities, and how the Fund has enshrined longstanding Environmental, Social, and Governance principals within its Prospectus, encompassing both disclosures under Article 8 of the EU SFDR and a formal commitment to achieve operational Net Zero carbon emissions by 2040.

Literature

PDF

TPUT Quarterly Report – Q4 2023

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TPUT Quarterly Report – Q3 2023

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TPUT Quarterly Report – Q4 2022

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TPUT Quarterly Report – Q3 2022

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TPUT Quarterly Report – Q2 2022

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TPUT Quarterly Report – Q1 2022

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TPUT Quarterly Report – Q4 2021

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TPUT Quarterly Report – Q3 2021

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TPUT Quarterly Report – Q2 2021

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TPUT Quarterly Report – Q1 2021

Fund Manager

James Coke
Fund Manager and Co-Head of Institutional UK Real Estate

Legal and Regulatory Disclosures

PDF

Threadneedle Property Unit Trust Sustainability Related Disclosure – Article 8

Insights

15 February 2024

Hans Nordby

Head of Research & Analytics, Real Estate (US), Lionstone Investments

Joanna Tano

Head of Research, Europe, Real Estate (EMEA)

2024 Global Real Estate Outlook

What's in store for real estate in 2024? Global megatrends and financial conditions will impact returns and sector allocation.
Read time - 4 min
20 December 2023

Marcus Phayre-Mudge

Head of Property Investment, Thames River Capital

George Gay

Fund Manager

Targeting relative value in listed real estate

With inflation data suggesting we are at or near the peak in interest rates and investors assessing scope for cuts in 2024, real estate equities have risen sharply from their lows.
Read time - 4 min
12 December 2023

Assia Amore

European Fund Manager, Real Estate

Ian Kelley

Managing Director, Head of France, Benelux & Southern Europe, Real Estate

Joanna Tano

Head of Research, Europe, Real Estate (EMEA)

The resurgence of Europe’s luxury high streets is gathering momentum

High street retail markets across Europe are benefitting from the solid recovery of tourism, both international and domestic.
Read time - 3 min

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About Us

Millions of people around the world rely on Columbia Threadneedle Investments to manage their money. We look after investments for individual investors, financial advisers and wealth managers, as well as insurance firms, pension funds and other institutions.

Investment options

We offer a broad range of actively managed investment strategies and solutions covering global, regional and domestic markets and asset classes.

Responsible Business

As a leading global asset management group, Columbia Threadneedle Investments aims to deliver positive outcomes that meet the needs of our stakeholders and we commit to always act responsibly, transparently and in the best interests of those who trust us to manage their investments.

Investment Risk

The value of investments can fall as well as rise and investors might not get back the sum originally invested.

Property Liquidity – It may be difficult or impossible to realise assets of the Company because the underlying property may not be readily saleable.

Property Valuation – The value of a property is a matter of a valuer’s opinion and the true value may not be recognised until the property is sold. Should the Standing Independent Valuer express material uncertainty regarding the value of one or more immovables under management and that material uncertainty applies to 20% or more of the value of the Company, it may be necessary to temporarily suspend dealing.

Property Market Risk – The performance of the fund would be adversely affected by a downturn in the Property market in terms of capital value or a weakening of rental yields.

IMPORTANT INFORMATION

FOR PROFESSIONAL INVESTORS ONLY (not to be used with or passed on to any third party). Your capital is at risk. Threadneedle Property Unit Trust is an unclassified open-ended unit trust domiciled in Jersey, governed by a fourth amended and restated trust instrument under Jersey law dated 4 December 2014 (as may be amended from time to time) made between the Manager and the Trustees (the “Trust Instrument”). This Trust is not registered for sale outside the United Kingdom and may not be offered to the public in any other country. In the UK, the Trust is an unregulated collective investment scheme for the purposes of Section 238 of the Financial Services and Markets Act 2000. Accordingly, this document must not be communicated to retail persons in the UK but may only be communicated to persons described in the Financial Services and Markets Act 2000 (Promotion of Collective Investment Schemes) (Exemptions Order) 2001 and to persons whom units are permitted to be promoted in accordance with the FCA’s Conduct of Business rules. Approved for UK purposes by Threadneedle Asset Management Limited and Threadneedle Portfolio Services Limited. Authorised and regulated by the Financial Conduct Authority. Investors are advised that the protections afforded by the UK regulatory system may not apply to an investment in the Fund and compensation will not be available under the UK Financial Services Compensation Scheme.

In Jersey, the Trust, which is regulated by the Jersey Financial Services Commission, is treated as an unclassified fund for the purposes of the Collective Investment Funds (Jersey) Law 1998. Units in the Trust may only be promoted in accordance with the aforementioned legislation. This document should not be circulated to private investors.

This document does not constitute or form any part of any offer to issue or sell, or any solicitation of any offer to subscribe or purchase, any units nor shall it or the fact of its distribution form the basis of, or be relied on in connection with any contract therefore. Recipients of this document who intend to apply for units are reminded that any such application may be made solely on the basis of the information and opinions contained in the prospectus and seek independent taxation advice. This material should not be considered as an offer, solicitation, advice or an investment recommendation. This communication is valid at the date of publication and may be subject to change without notice. Information from external sources is considered reliable but there is no guarantee as to its accuracy or completeness Issued by Threadneedle Investments (Channel Islands) Limited Registered No. 82489. Registered in Jersey.

Registered Office: IFC 1, The Esplanade, St Helier, Jersey JE1 4BP.

Regulated by the Jersey Financial Services Commission.In the UK issued by Threadneedle Asset Management Limited. Registered in England and Wales, Registered No. 573204, Cannon Place, 78 Cannon Street, London EC4N 6AG, United Kingdom. Authorised and regulated in the UK by the Financial Conduct Authority. 

Columbia Threadneedle Investments is the global brand name of the Columbia and Threadneedle group of companies.