Wealth Manager - Essential news for investment professionals

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 Sarasin’s Boucher: why I like salmon with chocolate

Sarasin’s Boucher: why I like salmon with chocolate

Henry Boucher, manager of the £129 million Sarasin Food & Agriculture Opportunities fund, explains why he is gobbling up salmon and chocolate stocks.

Play Alibaba hype, the UK slowdown and opportunities in European sovereign bonds

Alibaba hype, the UK slowdown and opportunities in European sovereign bonds

Libby Ashby and leading wealth managers analyse what the Alibaba IPO hype means for Chinese equities, slowing growth of the UK economy and whether there’s anything left to play for in the European sovereign bond market.

Play Tesco, Japan and the rise of the central banker

Tesco, Japan and the rise of the central banker

 Libby Ashby and leading wealth managers scrutinise the food retail sector, Japan’s consumption tax hike and political risk in the markets.

Your Business: Cover Star Club

Veteran banker boosts Sanlam’s stockbroking team

Veteran banker boosts Sanlam’s stockbroking team

A veteran private banker has been recruited by Sanlam Private Investments to strengthen its advisory stockbroking team.

Wealth Manager on Twitter