UK - East Anglian pension schemes are being targeted by a new fund which is investing in quality properties in the region.
Property consultant Bidwells is looking to secure £35m for the fund which will invest in up to 15 properties including office buildings, shops, leisure outlets and industrial premises.
The fund will run for seven years, and the property consultant is aiming for a return of around 9% a year. No one investor will be able to own more than 15%. Minimum investment is £250,000.
Bidwells managing partner of the commercial division, Keith Crocombe, said the fund would be large enough to invest in a spread of properties to minimise risks.
Fund managers Mayfair Capital Partners and Kingfisher Property Partnerships are to launch the fund.
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