Consortium - Investment Management

What are they used for?

EPUTs are often used where a number of investors wish to utilise their pension funds (not necessarily held with the same provider) to undertake a specific property transaction or development, requiring a more flexible property ownership vehicle (compared to holding the property directly within their pensions) and wish to limit liability to their subscription for units rather than the value of the participating pension funds.

Please refer to case studies for bespoke EPUT examples.

How are EPUTs established?

As they are classed as unregulated Collective Investment Schemes by the FSA, the only way to invest in an EPUT is via an authorised adviser or if all of the investors have been certified as Sophisticated Investors by an authorised person. Please refer to the EPUT Guide, or contact Consortium for further details.

What is a Certified Sophisticated Investor?

An individual who holds a written certificate signed by an authorised person to the effect that the individual is sufficiently knowledgeable to understand the risks associated with participating in unregulated Collective Investment Schemes. We can provide the necessary wording etc. to your authorised adviser if required.

How much does it cost to set up an EPUT?

There are a number of different stages, and hence a number of different components to the cost:

There is an establishment fee (depending upon the number of investors), a transaction fee (a percentage of the property purchase / sale price depending upon the type and value of property) and an annual management charge (depending upon the number of tenants and properties).

For further information, please refer to the EPUT Guide, or ask your authorised adviser to call +44 (0)20 7437 0200 to arrange a meeting.