UK - Arlington Property Investors (API) has launched a new £40m fund property fund, with the aim of boosting the fund to more than £300m.
The Arlington UK Balanced Property Fund will invest in the UK commercial property market and aims to deliver a “stable and secure, high-income yield together with the potential for capital growth”, API said in a release.
A portfolio of high yielding properties recently acquired by API will form the first assets of the fund.
API said the fund would be aimed at high-net-worth private investors and institutions who are showing heightened interest in commercial property on the back of a good performance record – the portfolio has outperformed UK equity and bond markets over the last one, three, five and ten years,
Arlington chief executive Patrick Deigman (pictured) commented: “I am very pleased to announce the launch of this fund following the successful integration of Aberdeen Property Investors into Arlington.
“We have designed this innovative fund to deliver a very good income yield to investors. We have researched the market carefully and given the current uncertainties in other forms of investment, this property fund will offer investors an attractive opportunity to benefit from the strength of the commercial property market and the skills, experience and track record of the API team.”
The fund has been structured as an Irish variable capital company, listed on the Irish stock exchange.
It is the first major launch for API since its inception – through the merger of Aberdeen Property Investors with Arlington’s existing fund management business – in May this year.
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