U.K. real estate investor Protego will expand its use of property derivatives to offer investors a range of property-linked products by year-end. The group, launched in May this year, offers investors certificates and forwards on the Investment Property Databank index and is considering offering products referenced to specific sub-sectors of the property market.
Charles Weeks, co-founder of Protego in London, said the clarification of tax treatment for property derivatives (DW, 9/3) will likely increase institutional interest in the products. Protego is looking to cater for this demand. Barclays Capital is the counterparty on Protego's current offering and Weeks said the group would look to work with the bank again.
