...TONY HUMPHREY Securitisation, unitisation and PINCS are all, in essence, very simple. They share a common objective of creating a market instrument which gives investors a return which is comparable to holding a direct interest in the freehold of a property at a fraction of the price. The only...

...JOHN FENNER Property Income Certificates (PINCS) were conceived as a means of unitising properties. They will enable investors to acquire a direct investment in part of a property as if they owned an interest in the property itself. In this way they can enjoy the income and capital growth from...

... with short term borrowing, then looking at forward funding and commitment, then the mortgage alternative and finally a look towards the future with an explanation and application of unitisation to the hypothetical scheme. The paper concludes by comparing the various options set out above, giving the would...

... development finance securitisation unitisation RAISING FINANCE FOR NEW DEVELOPMENT Received December 1986 RICHARD GIBBS Key Words Funding development finance securitisation unitisation Summary With the advent of very large development schemes, traditional forms of funding have proved insufficient...