Wealth Manager - the site for professional investment managers

Register for full access to Citywire’s Fund Manager database, news and analysis. Registration is free and only takes a minute.

Kames to launch Property Income fund targeting 6% yield

Kames to launch Property Income fund targeting 6% yield

Kames Capital is launching a Property Income fund that targets a yield of 6%.

The vehicle, which is structured as a Property Authorised Investment Fund (Paif) and launches on 28 March, will hold bricks and mortar and aim to exploit gaps in valuation between prime and secondary properties.

It will focus on properties in the £2-10 million bracket and look to enhance yield through refurbishments, lease extensions and new lettings. The fund will hold up to 80% in direct property with the balance held in property shares, Reits, specialist property funds and cash.

Kames director of property investment David Wise says: ‘We believe the UK property market has finally turned the corner with property valuations benefiting from the recovery in the UK economy. However UK banks and other distressed property owners remain sellers meaning many buildings are still available at attractive prices.’

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 Investment Pulse: the highs and lows of 2014

Investment Pulse: the highs and lows of 2014

This week's Investment Pulse looks back at some of the biggest stories of the year as well as looking forward to 2015.

Play Inside ETFs: Why the US bull-run still has legs

Inside ETFs: Why the US bull-run still has legs

Global equities suffered a sharp sell-off in the third quarter but exchange traded fund investors are continuing to back the US to outperform in 2015

Play Paul Niven: I won't rip up the Foreign & Colonial Trust history book

Paul Niven: I won't rip up the Foreign & Colonial Trust history book

The newly appointed manager of the Foreign & Colonial trust talks about his plans for UK's oldest investment company.

Your Business: Cover Star Club

Manchester wealth firm hires Coutts director for London launch

Manchester wealth firm hires Coutts director for London launch

Former Coutts director Tony Robinson has joined Chartered Wealth Management to head the company’s newly opened London office.

Wealth Manager on Twitter