One Plantation Place Unit Trust. The trust currently owns one asset, an iconic rural property located in esperance, western australia, known as linkletters place. A unit trust spreads your money across many investments.
Schroder real estate investment trust limited has sold its 28.9% stake in one plantation place unit trust (‘opput’), the owner of plantation place, london ec3, realising net proceeds of gbp11.73 million. The trust is the owner of plantation place, one of the largest office buildings in the city of london whose largest tenant is rsa. Daljit and simi narindray :
Jones day advised one plantation place unit trust (opput), the owner of plantation place and one of the largest office buildings in the city of london, in connection with the refinancing of opput's existing £418 million senior debt, which was securitized in rec 5, and the refinancing of its £25 million junior loan originally provided by lloyds.
Trustees with fiduciary duty manage trusts according to the beneficiary's best interests. Schroder real estate investment trust limited has sold its 28.9% stake in one plantation place unit trust (‘opput’), the owner of plantation place, london ec3, realising net proceeds of gbp11.73 million. Apartments make up less than one quarter of properties for sale in the community around 5100 plantation place. The sale of opput was for a value of circa £500m and represents the largest single asset property.
