Close Property Investment (CPI) has launched an Isle of Man-based property unit trust aimed at UK pr...
Close Property Investment (CPI) has launched an Isle of Man-based property unit trust aimed at UK private investors.
The fund, called Active Commercial Estates, invests primarily in commercial property, with the emphasis on shops, shopping centres, offices, industrial buildings and warehouses.
It will aim to provide investors with 10% compound growth per annum, with 6% coming from income and the rest from capital growth.
The fund will offer income and accumulation units to allow income roll-up.
The typical investment property will cost between £1m and £5m and will be held in the portfolio for between three to five years. Value will be enhanced through renovation and refurbishment and the increase in rental yields this will bring from better quality tenants.
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