Wealth management firm Credo has launched its third commercial property fund for private investors (Fund III).
The fund will target opportunities in the UK and Europe and is expected to grow to hold £150m in property assets. It is due to float on the Channel Islands Stock Exchange during October 2007. Minimum investment is £35,000 and the fund will provide semi-annual returns. The fund, which is expected to realise an internal rate of return in excess of 12%, will have a life of five years with a potential two-year extension.
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
