Knight Frank to tap IFAs for funds

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Property services group Knight Frank is set to announce further collective investment scheme fund-raising through the rest of 2006, which is likely to involve talking to IFAs, says Robert Hannington, chairman of Knight Frank (KF) Corporate Finance Limited.

Following news revealing Knight Frank asset management subsidiary Rutley Capital Partners is to put money into Central and Eastern European properties through its Rutley European Property Limited fund, Hannington has said demand for new vehicles from the high-net-worth end of the market is pushing the provider towards offering more supply. This is the second time in the past week KF has announced involvement in property asset management, following on from the launch of the Abbey Capital Guaranteed Residential Property Bond structured product, which runs for five or seven and a half years....

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