View the article online at http://citywire.co.uk/wealth-manager/article/a650616
Brooks property arm set for expansion with trust capital push
by Sarah Miloudi on Jan 14, 2013 at 09:52
Brooks Macdonald's Braemar Estates is to raise extra capital for its property trust.
The Ground Rents Income fund is now 50% invested following its flotation last August and the addition to its portfolio of two new build apartment developments in Liverpool and London.
The fund's board expects the real estate investment trust to be fully invested ahead of its 12-month timescale and additionally, it may benefit from the continued demand for income among investors, and the fact property is being earmarked as a contrarian pick for 2013 following its dismal five-year run and investors eyeing the need for sources of inflation protection.
It is hoped that attracting additional capital will help the Ground Rent Income fund push above the £100 million mark.
'The company has been successful in acquiring assets which fit the profile of providing investors with long-term, secure income with a quasi inflation hedging,' said James Agar, investment director of Brooks' subsidiary Braemar Estates, adviser to the fund.
Agar said the team had already identified a pipeline of investment opportunities for completion in the first quarter of 2013.
News sponsored by:
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
The Citywire guide to investment trusts
Investment trusts have proved to be a highly effective way to invest in the market. Citywire has interviewed the experts to find out more.
With talk on interest rates on the horizon, our latest roundtable debate covers income investing against a changing backdrop
More about this:
Look up the shares
On the road
J.P. Morgan Elect on investment growth, income and cash. More information on J.P. Morgan investment trusts.
by Danielle Levy on Jul 25, 2014 at 10:50