Commercial Finance Specialists

Rudolf Wolff has launched a new property investment fund to take advantage of an expected "sharp rebound" in central London capital values.

A specialist fund manager has launched a new property investment fund for central London commercial development assets.

Rudolf Wolff's new fund is aiming to achieve a net annual income of seven per cent, with the target maturity of the portfolio being between five and seven years, according to an article in Investment Week.

Former Danay Day managers Robert Hacking-Brian, Ian Besley and Anthony Farrant will be running the fund, with all holding the belief that now is the best time to be making property investment in central London for two generations.

Mr Farrant told the publication that central London properties were oversold in 2008 and 2009 in anticipation of high vacancy rates.

He went on: "This overhang has not happened as there were far fewer speculative developments underway at the top of the market.

"This means we are beginning to see a sharp rebound in both rental and capital values, and seek to capitalise on this trend."

However, the head of the Premier Pan European Property Share fund Alex Ross told City Wire that he expects to see a halt in rising capital growth in the UK commercial property market.

Posted by Lisa Fear.