Prime Central London fund to launch
Asset advisers London Central Portfolio will launch a residential property fund in a bid to cash in on foreign investment now the value of sterling has dropped against other currencies.
The fund, from registered investment company London Central Apartments IV, will focus on the mainstream private rented sector in Prime Central London.
LCP will officially launch the fund during a tour of South East Asia from 19 – 29 November which covers Singapore, KL, Hong Kong and Bangkok.
Naomi Heaton, chief executive of LCP, said: “On the back of the political uncertainty caused by the UK election, the EU referendum and the introduction of swingeing residential taxes, the double digit growth seen in PCL since the credit crunch had tapered off by early 2015.
“Just as in 2009, this cooling off represents an excellent opportunity for the savvy investor to secure good value deals before the market picks up again.”
LCP’s second fund was launched in 2009, when many commentators predicted a further slump in prices.