Authorised Property Funds

Looks at the nature of property unit trusts and their attractiveness to different types of investors. Considers the prospects for a successful launch of property funds. Outlines the main features of authorized property funds (APFs) and implications of these proposals for the property market and operators in the market with particular reference to the Australian experience. Concludes on the likely impact of APFs and highlights the lessons to learned by the UK from the Australian experience.