Matrix Securities are a large provider of commercial property tax vehicles. ‘The interest in property over the last two or three years has been huge,’ says Nick Hill property sales and marketing director at Matrix.
Hill maintains that investing in property limited partnerships will be much easier after A-Day. ‘We have lots of experience of single asset deals like limited partnerships. At the moment Sipp investors have to invest through an onshore feeder trust which is the ‘approved’ vehicle. This then invests in the offshore property partnership. After A-Day this won’t be necessary and you can invest direct. It simplifies the investment and should reduce costs.' you will be able to cut out the middleman and save on annual costs but the SIPP market is very new and there are plenty of cowboys in the market you need to check out who you are dealing with and have they been approved by the FSA.
Matrix offers a couple of investment options
• Matrix Number One unit trust
• Matrix UK Commercial Property fund
• Matrix European Property Trust this has not been launched yet but is the most interesting there has been two investment companies who have just recently launched on AIM who cater for individuals looking to invest in the German market.
Minimum investment in the syndicates or partnerships tends to be around £25,000, sometimes higher, while investment in the funds can be as little as £10,000.