I’ve been offered a portfolio of 55 flats and houses in Kensington & Chelsea. It was valued at £81.2m at the peak of the market. The [distressed?] celebrity vendor will now take £53m (34.8% reduction) for a quick sale – this equates to £861psf on their measurements. Please contact me if this is something you could be interested in.
The new £10m London Residential Investment Fund, Urban Share 2,we’ve been working on is now ready to be marketed. It’s a very conservative 7 year fund with an LTV of 50% and an expected IRR of 10%+ (approx 100% cash on cash return over the life of the fund). It will be buying below market value properties that generate high yields in London Zone 2. Properties will be let to students and young professionals. It will pay an annual distribution of between 2 & 5% and investors can access it through their Financial Advisors.