Managing Partners Ltd has launched the British Property Opportunities fund, in an attempt to take advantage of the deep discounts currently on offer in the property market.
Many property funds have recently had to suspend dealing because of redemption requests. Jeremy Leach, managing director of MPL, commented: “This is an ideal fund for those who see value in property, because it has no legacy issues and it will be one of the few funds in an acquisitive mode in 2008. We are seeing discounts to market value of around 20% being offered on both private and commercial property at the moment, and in a leveraged fund such as this we believe the fund could produce high returns in a very short time.” The fund will target an annual return of 10%-plus by investing in ...
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