Twitter icon Email alerts icon Latest News RSS icon Magazine icon Stay connected:

View the article online at http://citywire.co.uk/wealth-manager/article/a726516

Boutique partners CBRE to launch property financing fund

by Robert St George on Jan 07, 2014 at 14:05

Boutique partners CBRE to launch property financing fund

London-based property financing firm Montello has unveiled a fund that will invest in bridging loans and real estate development.

The Montello Real Estate Opportunity fund has set an initial target of investing up to £250 million and is structured as a Luxembourg Sicav offering monthly trading. It aims for a net annual return of 6-10%, after a management fee of 1.95%.

Montello has partnered CBRE for the fund, with the property giant to act as its transaction manager. The fund will invest in bridging finance, as well as providing development finance and being able to enter joint ventures.

‘Being able to have CBRE involved is a real coup, and we look forward to working with them to build a very strong presence in this market,’ commented Montello managing partner Christian Faes.

Faes added that the fund would make Montello a ‘one-stop shop for real estate entrepreneurs’. He explained: ‘We will now be able to fund developers from the acquisition of a property through bridging finance, through to the development and completion of a project.’

The minimum initial investment is £10,000.

leave a comment

Please sign in here or register here to comment. It is free to register and only takes a minute or two.

News sponsored by:

Sponsored Video: Bringing it all back home


As the UK coalition government strives to rebalance the national economy, so called 'reshoring' looks set to play an increasingly important role in economic recovery.

Today's top headlines

Sponsored Video: Barings on investing in Frontier Markets


From Nigeria to Pakistan and from Kenya to Kuwait, frontier markets are catching investors' attention as never before.

More about this:

Archive

On the road

Click here to find out more from the Audience Development team.

Sorry, this link is not
quite ready yet