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LCP’s latest fund approved for ISA and NISA wrappers

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London Central Portfolio’s (LCP) recently launched fourth fund, London Central Apartments II (LCA II), is eligible for inclusion within ISAs and NISAs.

Hugh Best, investment director of LCP, says: “This means investors who might not otherwise be able to join the Knightsbridge set are getting the opportunity to invest in a premier asset class for just GBP15,000 and take their profits tax free.”
 
Regulated by the Jersey Financial Services Commission and the Channel Islands Securities Exchange Authority, the mandate for LCA II follows the model of LCP’s previous three funds. It will acquire a diversified portfolio of properties in the prime postcodes surrounding Hyde Park, which will then be upgraded and designed to add value and target the thriving Private Rented Sector. The fund is targeting returns of 12 per cent per annum IRR.
 
“Most investors are more than aware of the strong and consistent returns that can be achieved from Central London residential. However, traditionally significant levels of upfront investment have been required. We are delighted to provide an exceedingly attractive option for a new generation of savers and tax conscious investors alike,” says Naomi Heaton, CEO of LCP.
 
With the returns on offer, new investors will be able to invest their full GBP5,000 NISA allowance into LCA II and aim to nearly double their original investment over the five year hold, with a projected GBP12,150 return at the end of the fund’s life.

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