F&C Reit launches first new fund

The product will seek to invest in UK commercial real estate assets, focusing on value through distressed prices. F&C Reit is targeting £300m for the launch and aims to offer 20% returns over seven years. It will be managed by Reit Asset Management founder Leo Noe. The company was established from the merger of Reit Asset Management and F&C Property. Noe says: "The launch of the fund clearly shows the strong position that F&C Reit is in to take advantage of the current state of the property market; in being able to identify and target opportunities across a variety of sectors that have ...