Horizon AM launches Protected Capital Property Fund

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Horizon Asset Management has announced the launch of Protected Capital Property Fund, consisting of a portfolio of property investments on strategic development land in the UK.

Aimed at HNWI’s and institutional investors, the fund aims to generate value growth by obtaining planning permission for residential development and marketing the whole package to national house builders.

It was soft launched on January 2 2014 and current valuation of sites already owned by the Fund in Wokingham, Bracknell, Guildford, Fareham and Radstock is at £18.4m as of 30 September.

Bill McClintock, director of Horizon Asset Management and the Fund, commented “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. As the UK economy and housing market recovers there is tremendous potential to secure excellent growth going forwards.”

The Fund has a 5% initial charge and a 1.5% annual management fee. The minimum investment is $100,000 or currency equivalent for direct investments or GBP 5,000 through a wrapper such as a platform or a personal portfolio bond.

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