The Cayman Island-domiciled Protected Capital Property Fund will invest in strategic development land in order to take advantage of what it calls the “uplift in value” achieved by gaining planning permission then marketing to builders.
“Gains from this strategy should be enhanced as the UK property market continues to recover,” the company added.
The fund will also invest in residential leaseholds and freehold properties.
It is managed by Bill McClintock, who is also the company’s director. He said: “There is a severe shortage of housing in the UK and the pressure on local authorities to facilitate residential development will drive further development.
“The uplift in converting sites to residential development can be very substantial. The key to successful investing in this area, though, is to have the expertise to identify suitable sites and execute the correct processes to secure planning permission.”
He added that, as the UK economy and housing market recover, he sees “tremendous” potential to secure high levels of growth.
The fund has an initial charge of 5% and an annual management fee of 1.5%. It has a minimum investment of €100,000 for direct investments and £5000 through a wrapper.
