£2bn property fund 'opportunity' for IFAs

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IFAs will have access to the new 90% geared £2bn Symmetry Property Fund being launched through a joint venture private equity deal between Bank of Scotland Corporate and property investment company aAIM Group.

Ben Carrington, responsible for marketing and investor relations at aAIM, says his company is “always interested in talking to financial advisers,” and the fact the deal to establish the fund is based on private equity does not mean it will be closed off to other investors. Directors of aAIM will be putting some of their own money into deals, he adds, including chairman Mark Tagliaferri, chief executive Robert Whitton, and investment director Stuart Le Gassick who already own about half the current aAIM property portfolio. The high level of gearing will be used by the fund to ensure a p...

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