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
Brewin's Gutteridge: the opportunities in UK challenger banks

Brewin's Gutteridge: the opportunities in UK challenger banks

In this week's podcast, Brewin Dolphin's Ben Gutteridge and Guy Foster, discuss opportunities in the global financials sector with Aptus' Johnny De La Hey.

Play Charles Tan on Woodford & hidden trust income gems

Charles Tan on Woodford & hidden trust income gems

Cantor Fitzgerald investment company analyst Charles Tan discusses Woodford Patient Capital and some of the income trusts slipping under the radar.  

Brewin's Foster: the world’s most unconventional monetary policies

Brewin's Foster: the world’s most unconventional monetary policies

In this week's podcast, Guy Foster asks why the world’s biggest economies are pursuing some of the world’s most unconventional monetary policies. 

Your Business: Cover Star Club

Profile: how Close Brothers gave power back to the regions

Profile: how Close Brothers gave power back to the regions

Almost a year into the role, Close Brothers Asset Management head of wealth management Andy Cumming has highlighted three keys areas of focus

Wealth Manager on Twitter