Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

Brooks property arm set for expansion with trust capital push

Brooks property arm set for expansion with trust capital push

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.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play From Private Bank to Private Office: the next generation of ultra high net worth investors

From Private Bank to Private Office: the next generation of ultra high net worth investors

Citywire's Anna Dumas highlights the trend towards private and family offices.

Play Inside ETFs: how to defend against bond volatility

Inside ETFs: how to defend against bond volatility

In this latest episode we call in experts from 7IM and Markit to assess how the bond sell-off has impacted ETFs.

Play The future of wealth management according to disruptive tech expert Andrew Tarver

The future of wealth management according to disruptive tech expert Andrew Tarver

Three private office investors direct their questions about the future of wealth management, to Andrew Tarver, founder of Boldrocket and disruptive tech expert.

Wealth Manager on Twitter