Fund offers investors a chance to cash in on Amazon

By Erikka Askeland
Published on Thursday 16 February 2012 00:00

INVESTORS have been given the chance to earn a return from Amazon’s huge new warehouse in Dunfermline through a £47.2 million fund.

Property specialist Tritax has agreed to acquire the 1 million sq ft building from Infrared Capital Partners for £43.2m.

Anyone who puts in a minimum £20,000 is promised a 7 per cent annual return on the warehouse which is leased to the internet retail giant for 20 years. Investors will hold the investment until 2016 when Tritax expects to sell it on.

The building was opened with a fanfare of publicity in November after it received a £6.3m grant from the Scottish Government’s Scottish Enterprise Property Support Scheme for its development.

Mark Shaw, chairman at Tritax, said: “The problem for investors at the moment is partnering capital security with a decent level of income. This fund provides UK individuals, SIPPs and non-residents with a very high-yielding asset-backed investment, with its guarantor being the largest online retailer in the world.”

In 2007, Tritax developed the Maxim office park on the A8 backed by £95m worth of debt provided by Bank of Scotland and investment from a host of celebrity investors including newsreader Natasha Kaplinksy and former Motherwell FC chairman John Boyle.

Last year the bank forced Tritax to sell on the debt to New York-based private equity firm, Cerberus Capital Managers, for a deeply discounted £30m.

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