BDO opens London-centric property fund

Launched in conjunction with BDO Simpson Xavier, the fund intends to achieve above average returns through active management of investment in areas such as the City of Westminster and the West End. It is aiming to raise up to £60m with an objective to deliver a 10-15pc per annum return after taxes and charges. The minimum equity investment in the fund, which will not be regulated by the FSA, is £100,000. The investment period is five years, with flexibility to extend beyond this should market conditions or other circumstances dictate. Robert Walters, representing the asset manager to ...