IslamicFinance.de

London Central Portfolio (LCP) announces today that they will be closing their latest GBP 100 million quoted property fund on April 17th. London Central Apartments II (LCA II) is the only regulated vehicle exclusively targeting Prime Central London’s (PCL’s) Private Rented Sector. It will acquire one and two bedroom units as these are the most highly demanded and offer the highest returns. The properties will be renovated and interior designed to maximise capital uplift and rental returns. It is a five year fund, projecting an IRR of 12 per cent p.a. and shares are to be quoted on the Channel Islands Securities Exchange Authority.