UK - A new fund has been set up offering schemes the opportunity to invest in property developments.
The Fiducia Pool 2004 Limited Liability Partnership has been launched by stockbroker Goy Harris Cartwright and Nottingham-based property developer Fiducia Group.
The pair aim to raise up to £6.5m which will be invested in commercial or mixed use property.
Its backers say the fund is ideal for investors seeking exposure to the asset class while wishing to avoid the risks associated with individual property investments. The minimum investment is £250,000.
Fiducia managing director Scott Davidson said: “The property investment market is still delivering better returns than equities and judging by current interest rates and the market’s performance to date it may be set to continue.
“Additionally, property delivers on a cyclical basis and the equity pool with a seven-year life provides an attractive way to enter the sector.”
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