Buccleuch Property was advised by GVA on the purchase whilst Cushman & Wakefield acted on behalf of the vendors, the Enterprise Zone Trusts
Enterprise Zone Trusts
provide a further useful investment option.
But despite this the York-based developer late last year was able to raise pounds 35m from investors in the Enterprise Zone trusts
to fund the next phase of development ( without tenants signed up.
Investors in the syndicates will retain tax advantages for 10 years under the so-called "Golden Contract" negotiated with Government at the expiry of the first wave of Enterprise Zone trusts
in the 1990s, but rates relief will expire.