Bringing you live news and features since 2006 

London Central Residential Recovery Fund to close this Christmas

RELATED TOPICS​

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.

Latest News

Morningstar has published a review of the European ETF market for the first quarter 2024, which finds that it gathered..
ETF data consultant ETFGI reports that assets invested in the global ETF industry reached a new record of USD12.71 trillion..
Calastone has published an ETF white paper which examines several of the processes that take place across the lifecycle of..
Adapting product lines to fit into changing methodologies and meet shifting demand is essential to remaining relevant in the industry..

Related Articles

Kristen Mierzwa, FTSE Russell
Index Investments Group (IIG), a division within index provider FTSE Russell, has extended its range of indices through two new...
ETFs
US ETF issuers of active ETFs are facing an increase in fees from the big custodian firms, such as Charles...
Taylor Krystkowiak, Themes ETFs
Themes ETFs opened its doors in December 2023, with an introductory suite of 11 ETFs – seven thematic and four...
Konrad Sippel, Solactive
At the end of March, financial index specialist, Solactive, published its 2024 annual report on future trends.  ...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by