LCP offers fund investing in central London property

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guernsey-based vehicle targets returns of 5% over bank base rate

London Central Portfolio (LCP) has launched a fund that invests in the residential areas of Knightsbridge, Mayfair, Marylebone, Notting Hill and South Kensington. The target size of the Guernsey-domiciled fund is £20m. It will invest in approximately 25 two-bedroom properties in these inner London areas. It will run for eight years. Each property will be let to high quality, often corporate, tenants. Tenancy agreements will usually be for one year with a six-month break clause and options to renew for a second and third year. The fund aims to deliver a return of 5% over the UK bank b...

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