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Sie können sich die aktuellen Prospekte, Konten, wichtige Hinweise für Anleger und Fondspreise unter https://www.fundinfo.com/de/home beschaffen. Wählen Sie bitte das Land aus, in dem Sie leben, und geben Sie sich als Privatanleger zu erkennen.

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Kames UK Active Value Property Fund exceeds fundraising target and closes early to new commitments at £275m

Posted on 06 March 2015

News Shaun McWilliam Property Large

The Kames UK Active Value Property Fund was launched in October 2013 with a target of raising £250 million from institutional investors. Having raised £275 million by 31 December 2014 the fund has closed to new commitments.

Shaun McWilliam (pictured), Kames Capital’s head of institutional sales for property, said:

“We are delighted to have exceeded our initial fundraising target. The fund has proven popular with institutional investors who recognise the opportunity in secondary property and are attracted to our proven active value approach. The fund has already completed or exchanged on properties worth £210 million at a blended net initial yield of 8.6%.Our focus now is on investing the remainder of the committed funds and we are continuing to source high-quality secondary stock on attractive yields with good asset management opportunities.”

Two of the fund’s recent purchases include:

High Street, Sheffield, South Yorkshire
This retail building occupies a prominent position in the heart of Sheffield, which the fund has purchased for £5.75m at a net initial yield of 7.5%. It is let to Sports Direct, Poundland and the British Heart Foundation, three retailers each with strong covenants. The property offers the potential for improving rental level off a historically low base and the active management potential to convert the upper floors for an alternative use.
High Street Sheffield
Town Square, Basildon, Essex
The property comprises a four storey building with retail premises on the ground floor and purpose-built offices on the upper floors. We completed the purchase for £9.83m at a net initial yield of 9.0%. It is let to 11 tenants with strong retail covenants and offers the active management potential to re-gear leases, while the long-term town plan for Basildon will greatly improve the town centre.
Town Square Basildon

 

Managed by Philip Bach, the Kames UK Active Value Property Fund targets good quality secondary properties, particularly those in the sub £15 million bracket. These provide access to good quality assets offering attractive income returns, together with asset management opportunities, such as through extending leases, letting vacant space and refurbishments. This part of the market is often overlooked by large property funds and – with bank lending becoming more scarce and expensive – can also be difficult for smaller commercial property investors to access.  

The fund is structured as a Jersey Property Unit Trust and has a seven-year life, with the opportunity to extend for a further two years. The fund has a target IRR of 10%.  

For more information about Kames Capital’s property investment capabilities, professional investors can visit www.kamescapital.com/property.

 

Source for data: Kames Capital. As at 4 March 2015. The initial yield at which properties are purchased is not guaranteed for the term of the investment. There is no guarantee that properties under offer will complete.

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