Close Brothers has launched a Guernsey-registered Oeic that invests in UK property and listed on the ...
Close Brothers has launched a Guernsey-registered Oeic that invests in UK property and listed on the Luxembourg Stock Exchange. The Capital Appreciation Trust can buy retirement accommodation at a discount averaging 30% off market price. It can buy at a discount to open market values and can leverage investors money by 250% without borrowing. Anthony Wyld, managing director at Close Property Management, said: "Assuming property values appreciate at around 5% per annum, we anticipate the annual return will be 12.9% compound." Minimum investment is £5,000. Intermediaries will get a 3% commi...
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