London Central Portfolio is to launch a new fund investing in prime London residential property. The fund is believed to be the first Shariah-compliant fund investing in the London residential property market.
The Jersey-based fund, London Central Apartments, is timed to take advantage of strong investor demand in the wake of continuing volatility in world stock markets. Commenting on the launch, Naomi Heaton, CEO of LCP said: “Investors buy into London for its lifestyle and accessibility, but now they are looking for alternative assets that can ride out market fluctuations. Even taking into account the impact of the credit crisis, prices in this tiny six square mile area have risen by an average of 8.2% per annum over the last fifteen years. Combined with this, current rental yields run at a...
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
