F&C is set to launch a new open-ended UK property fund, managed by F&C REIT, the specialist asset manager founded in 2008 through the merger of REIT Asset Management and F&C Property Asset Management. F&C REIT currently manages some £7.5 bn of property assets, making it one of the largest property asset managers headquartered in the UK.
F&C is set to launch a new open-ended UK property fund, managed by F&C REIT, the specialist asset manager founded in 2008 through the merger of REIT Asset Management and F&C Property Asset Management. F&C REIT currently manages some £7.5 bn of property assets, making it one of the largest property asset managers headquartered in the UK.
The F&C UK Property Fund will be launched through a 4 week offer period, commencing 28 June 2010, with a fixed price of 100p per unit, until 23 July 2010.
The F&C UK Property Fund is structured as a Non-UCITS Retail Scheme (NURS), aiming to provide a total return based on income and capital appreciation through investment in UK commercial property. It gives investors the opportunity to buy into a ‘clean’ portfolio of direct UK commercial properties at what the managers believe is an attractive point in the cycle. The Fund will have daily pricing and liquidity with the underlying property investments valued on a monthly basis.
