Liquid Realty co-managing partner Jeff Giller tells GlobeSt.comthat the company acquired minority interests in Jersey PropertyUnit Trusts that are limited partners in UK-based real estate fundsmanaged by Schroders, British Land, Lend Lease and Grosvenor. Theunderlying real estate assets are 200 retail, office and industrialproperties located throughout the UK.

"It's common in UK for investors and real estate partnerships tohold their interest through an offshore trust because it is a veryeasy type of instrument to buy and sell," Giller tells GlobeSt.com."JPUT is such a trust."

A number of the underlying assets in the transaction are trophyproperties well-known by European institutional investors. Two ofthose are Bluewater, the largest and most visited shopping mall inthe UK, and Paddington Central, a premier office developmentadjacent to Paddington Station in central London.