Property group launches multi-million pound buy to let fund

Property group launches multi-million pound buy to let fund


Various newspaper reports have indicated that the UK property firm, British Land, is set to launch a property fund that will focus on the London buy to let market.

The fund is reportedly being run alongside CR Property Advisers and will target high-net worth investors as it tries to raise £50 million. British Land hopes to eventually grow the fund to £300 million.


London properties worth between £500,000 and £800,000 will be the focus of fund, although a portion of the portfolio will be used for more expensive properties.


The property fund managers are looking to snap up nearly 500 buy to let properties, with a combined target rental income yield of 3.5%, according to the Financial Times paper.


It has been suggested that a major UK property group preparing to enter the buy to let sector is a strong sign that the London property market will see a positive 2010. Although sterling is still weak against many other major currencies this may work well in attracting overseas investors to the new fund. 

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