White House Asset Management Ltd. have created the WHCM UK Residential Opportunities LP fund , a growth fund, which offers IFAs clients an opportunity to invest in UK based residential property either directly or through a pension. Through exposure to residential property, the fund aims to provide investors with the opportunity to create a balanced portfolio by investing in an actively managed asset backed investment.
White House Asset Management Ltd.’s competitive advantage is derived from its Directors considerable real estate experience, which covers development, acquisitions and disposals, property appraisal and active asset management of property nationally. Combined, the Directors have over 48 years of property experience and have been involved with property deals totalling £375m.
The WHCM UK Residential Opportunities LP fund seeks to acquire UK property through auction and a network of contacts at up to 40% discount to their open market value. The property portfolio will consist of c70% rental properties and c30% refurbishment opportunities and is designed to produce a target return of 12% pa over the 5 year term.
Mark Brooker, a Director at White House Asset Management Ltd. said that the timing of this fund is perfect, as property values remain low and rental demand is increasing. This is largely due to the fact that many mortgage providers continue to have stringent lending criteria and low liquidity. The UK recession continues to have a huge impact on property prices. There is an opportunity to acquire properties at favourable prices. Many buyers, developers and landlords are being forced to sell properties as “distressed sellers”, so there is an opportunity to purchase properties at up to 40% below market value.
Listing the WHCM UK Residential Opportunities LP on Capital Platform provides us with the ideal marketing solution and ensures that our fund is only promoted to persons who are authorised in accordance with FSMA. Capital Platform has an established network of registered IFAs, wealth managers and family offices with an appetite for this type of alternative investment.
The fund is structured as a Scottish Limited Partnership with an Exempt Unit Trust for SIPP and SSAS investors. It is also suitable for direct, corporate, charity and trustee investment.
The fund is promoted to professional intermediaries and will be operated by Dunadd Asset Management Limited which is authorised and regulated by the Financial Services Authority.