London-based residential developer Cavendish & Gloucester Properties is launching a
The Cavendish & Gloucester Land Fund 1 will buy deeply discounted land with residential planning permission from distressed property developers in the South East of England.
The fund will close to investors in mid-July. It will aim to achieve annual returns of 20% during the investment term of five years, planning to resell the land to developers when the market recovers.
They will also renegotiate planning permissions where they see potential to maximise profit.
Peter Murphy, chairman and founder of C&G Properties Plc, said: “Despite the decline in financial markets over the past year, property remains one of the most powerful types of investment for building wealth and should be a key part of a diversified investment portfolio.
“We believe that in today’s challenging market an in-depth knowledge of the investment region is crucial to maximising returns and with more than 150 years combined experience in the South East land market, our six-strong investment team is well placed to capitalise on the opportunities that we are being offered in the region.”
The minimum investment is £25,000.
