Edinburgh-based Ediston Properties has launched a new property fund targeting a size of some £400 mln (EUR 584 mln). The Ediston Opportunity Fund is backed by 16 institutional clients, mainly pension funds, who have committed £250 mln for immediate investment.
Edinburgh-based Ediston Properties has launched a new property fund targeting a size of some £400 mln (EUR 584 mln). The Ediston Opportunity Fund is backed by 16 institutional clients, mainly pension funds, who have committed £250 mln for immediate investment.
Director Danny O’Neill said that the fund will invest in all types of property across Britain with a likely 35% weighting towards new-built sites. The fund will have a minimum seven-year life, daily Scotsman reported.
