PFB launches new offer of commercial prop fund

It follows the initial offering which closed in January, having raised more than £33m. The fund is a Guernsey registered closed ended investment company and shares in it will be listed on the Channel Islands Stock Exchange. The minimum investment is £38,000 and shares in the fund may be held by UK resident and non-resident individuals and companies, trusts, managed funds, FURBSs, SIPPs, SSASs, company pension schemes, charities and other tax-exempt investors. It is hoped that the fund will deliver an IRR of 17-19pc pa over a term of at least five years and UK resident, tax paying inve...