London Central Portfolios has launched its latest fund with a seed portfolio of 50 properties targeting the private rented sector.
Known as London Central Apartments III, the sharia-compliant fund will be a Guernsey-listed company, offering investors shares in the PRS portfolio.
LCP will conduct a £100m equity raise before expanding the portfolio through acquisition, renovation and leasing.
LCA III is projecting returns of more than 10% per year over five years, and will accept subscriptions of at least £75,000.
