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London Central Residential Recovery Fund to close this Christmas


The London Central Residential Recovery Fund is ready to take advantage of the slack in the market and to capitalise on the traditional winter lull when prices can fall a further five per cent.

The fund targets the prime London Central postcodes and will buy and renovate small flats, targeting the mainstream professional rental sector.

“There is, quite rightly, a lot of public interest in London Central residential funds. The fact is that only LCP have 20 years’ expertise in this sector and they successfully brought to market the first ever closed ended fund in 2007. We have a proven investment model,” says Naomi Heaton (pictured), chief executive of LCP.
The fund is targeted to double an investor’s equity in just five years. UK investors can hold it through their Sipps and offshore investors can benefit from CGT and inheritance tax exemptions.
It is geared at a borrowing rate of 1.5 per cent (one per cent over UK base rate).
“We believe prices have bottomed out and are now starting to surge upwards. Our Recovery Fund closes for investment in December and we will have bought a prime portfolio before the spring market even picks up. On a seasonal note, coming into our fund could be the best Christmas present you could give yourself or your children,” adds Heaton.

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