A new £30 million fund has been launched for investors in the commercial property market.
Hamilton Capital Partners (HCP) has launched a new
property investment fund for
commercial development in the UK.
The £30 million fund will invest in select commercial properties as a vehicle for private investors.
HCP's fund has an initial portfolio of properties in the north-east and Scotland, which are currently providing an annual rental of £1.7 million with a yield of around seven per cent.
Paul Johnston, a partner at HCP, said the firm had noticed an increase in demand for this type investment and as such the fund was already attracting strong interest from investors.
"This fund is aimed at investors who are looking for solid returns without undue risk although we believe that exceptional returns can and will be delivered through active management of these properties," he said.
The latest research from the Royal Institution of Chartered Surveyors has indicated that rental expectations outside of London are beginning to fall as the amount of available office space increases.
Posted by Hadji Singh
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