In-house managed fund purchases ‘off-market’ portfolio
Cluttons’ investment agency team sourced an ‘off-market’ opportunity to purchase a portfolio of three London properties. Cluttons’ fund management team secured this exciting portfolio for one its in-house managed funds.
The properties offer a good spread of retail and office tenancies within three of the West End’s sub markets, Fitzrovia, Soho and St James’s. The fund was purchased during a low point in the recession and property market cycle in December 2009. The properties should provide excellent opportunities for rental growth and capital growth, added to an element of repositioning on each asset.
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