Second Central London residential fund to launch

The fund is designed to give investors access to a portfolio of residential properties in prime areas of central London. This ‘bullseye’ area, including Knightsbridge, Mayfair, Chelsea and Kensington saw 3.47% growth in the previous quarter compared to 0.5% growth across England and Wales. With restricted mortgage availability due to the credit squeeze, the fund is in a competitive position to take full advantage of tactical opportunities, acquiring value in a softer market to maximise returns, said the company. Naomi Heaton, chief executive of LCP, said although the launch coincides wit...