Cookies on the Investment International website
We use cookies to ensure that we give you the best experience on our website. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on this website. However, if you would like to, you can change your cookie settings at any time.
Continue

New to Investment International?

Welcome, and thank you for visiting our website.

Investment International is the leading publication for investors interested in the world of international investment.

Our aim is to give you intelligent commentary on the most important financial stories, and help you to profit from them. If you've enjoyed what you've read so far why not sign up for our FREE investment alert.

Every week the Investment International team sends out a hard-hitting newsletter packed with news and analysis of the top stories this week plus the best investment opportunities on the market. We always look at the bigger picture like the Eurozone Crisis, and explain how this will affect YOUR investments.


Ask me later
No thanks

Property fund reaches fundraising target PDF Print E-mail
News - Property
Tuesday, 27 December 2011 10:23
The F&C UK Property Fund, managed by direct property managers F&C REIT, has reached its £50m fundraising target.

The fund, which is available to both retail and institutional investors, is the first open-ended UK property vehicle offered by F&C REIT and managed by Julian Smith and Guy Glover.

This was launched in June 2010 as an opportunity to buy into a ‘clean' portfolio of direct UK commercial properties. F&C REIT intentionally opted to start with cash, with a view to growing the assets steadily over time in a sustainable manner, rather than launch with legacy property seeding.

This has allowed the co-managers to take advantage of opportunities in the prevailing property market conditions.   

Julian Smith, fund director, commented: "By virtue of our position as cash investors, and leveraging off F&C REIT's size, contacts and ability to source attractively priced stock, we have been able to create a portfolio that we believe is ideally positioned to provide resilient income returns to investors.

“We have always maintained the importance of diversification and have gradually acquired assets in the retail, office, leisure and industrial sectors. Geographic diversification is equally important, with properties held across a range of UK locations from Chichester in the south to Edinburgh in the north."

F&C REIT's industry contacts give it the ability to source stock both on and off market and across the investment cycle, taking advantage of the opportunities available to cash investors. The managers have used fresh inflows to add to the portfolio, having recently completed on acquisitions totalling £15m across the office, retail and industrial sectors buying in Bristol, Chelmsford and Coventry.  

Properties will continue to be incrementally added to the fund as the AUM grows, with Smith and Glover maintaining their focus on quality assets which they believe offer both secure rental growth and asset management opportunities, ranging from high-street retail and industrial properties, to regional and Central London office space.

 

Most Read

Latest Guides

New Build UK Student Investment
New Build UK Student Investment
Download

UK Airport Car Park Investment
UK Airport Car Park Investment
Download

UK Airport Car Park Investment
Hever Hotel
Download

Holiday Home Rental Guide
Holiday Home Rental
Download

Investing in Buy-to-let
Investing in buy-to-let
Download

Investing in buy-to-let
Investing in buy-to-let
Download

Discover the real power behind your pension
Hever Hotel
Download

Self Invested Personal Pension Guide for UK Expatriates
key
Download

Offshore Banking Guide
Offshore banking Guide 2010-2011
Download
Pension Planning Guide
International Pension Planning Guide 2010-2011
Download
Eurozone Crisis
Eurozone Crisis Report 2010-2011
Download
Tax Guide
International Tax Guide 2010-2011
Download
Follow us on Twitter
Find us on Facebook