Kreis Consulting is launching a geared property partnership fund aiming to provide a gross income of...
Kreis Consulting is launching a geared property partnership fund aiming to provide a gross income of up to 8% a year for a minimum of five years. The UK Industrial Income Limited Partnership will consist of a modest gearing level of 56% from an HBOS non-recourse loan, with the remaining 44% coming from the investor. Typically, geared property funds employ gearing levels of up to 85%, with the other 15% coming from investor equity contributions, according to Richard Eliott Lockhart, director of Kreis Consulting. As a result of this lower gearing, the fund will have to suffer a 44% fall...
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