It makes sense to have an independent financial adviser at home and abroad who understands the host country's rules and regulations and the investments available to you.
Until now, there has been no independent analysis of commercial property partnerships and funds. However, a new publication called Property Fund Review has been launched, with research provided by Brett Robinson and Stephen Palmer of Seven Dials Consulting, a leading provider of research into property investment vehicles targeted at private investors.
Robinson formerly managed Guardian's long-term business fund and was later with Axa. Palmer is an economist and property analyst. He is also the research consultant to the Investment Property Forum, the leading organisation of the UK property investment market, which has produced an investment property guide called Understanding Commercial Property Investment, which is extremely useful for all serious investment IFAs.
The first issue of the Property Fund Review recommends three property partnerships. One Gold 7 Limited Partnership is sponsored by Pinder Fry and Benjamin and owns a buildingin Wolverhampton which is let to Sainsbury's on a long lease. While the partnership is fairly highly geared, this should be an advantage, especially as the property is let to such a high-quality tenant.
The other two limited partnerships are Bridgewater Place in Leeds and Birmingham Brindley Place, which owns high-quality property in central Birmingham. Both are slightly higher risk.
Property partnerships are increasingly becoming a medium for the bigger investor who is nervous about equity markets.
Property Fund Review points out the risks and rewards in an easily understandable fashion which should help IFAs evaluate these
partnerships more comprehensively.