Another vehicle to allow the public to invest in property was launched this week.
Hotbed Property offers clients the opportunity to invest a minimum stake of £25,000 in a portfolio of properties.
Each property will be bought through a special-purpose company, typically with 20% of equity and 80% debt.
Hotbed Property has already bought an office building in Bristol for £2m. Ten investors are participating and the debt has been provided by Norwich Union.
Its next deal, for £4.6m, is an empty office in Winchester with adjoining land for residential development.
The deals were sourced by a panel, which includes Clive Lewis, founder of Clive Lewis & Partners. Lewis said Hotbed Property expected to do around 10 deals pa.
EGi News 06/09/02
