Property First Asset Management has launched UK Property Recovery No 4 LP, a bespoke fund focused on acquiring property that has been reposed or is under threat of repossession.
The target return on the fund is 15% per annum and the primary objective is capital growth and income. It is open for investment in September. The fund’s acquisition team believes this is the best time to buy UK property in the last 40 years and is currently working with banks, building societies, receivers and professional introducers. Matt Staines, senior partner at Property First AM, says: “Many investors believe successful property investment is all about Location, Location, Location. The acquisition team at Property First Asset Management believes it is all about Timing, Timing, ...
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