Keydata unveils flat conversion fund

Called the Keydata Residential Property Fund Limited Partnership, the closed-end fund will actually be run by specialist property management team Upper Floors Management Limited but effectively requires investors to lock in for 10 years in order to gain the tax benefits. Under the terms of the fund, investors could receive the growth potential of the fund, which invests in residential properties above retail and business units, along with income tax taper relief of up to 40% because the fund takes advantage of recent government changes present tax relief on the cost of converting the spa...