Cypriot property fund marketed to UK

A Cypriot property fund investing in commercial and residential assets is being marketed to UK investors by Assetz. The vehicle, which is closed ended, will focus on holiday apartments and villas with guaranteed rentals, as well as commercial property with strong covenant tenants and student apartments. The fund, which can be held within a Sipp, aims to raise up to £15m capital over the next three months, which will be geared up to £40m.