Valuation of opportunity fund
In autumn 2008 Invista Real Estate Investment Management launched the HIFML Property Fund. The fund is structured as an open-ended investment company and will focus on UK commercial property assets across all sectors.
The fund was seeded with an initial injection of £50m and with the core of the portfolio concentrated on larger commercial and office properties with above average potential for growth.
Since its launch the fund has grown to approximately £300m and recent purchases have tended to be in the size bracket of £15m - £25m and have included a portfolio of prime south east office and industrial properties with a combined value of excess of £80m.
Cluttons is the sole valuer to the fund which is valued monthly, and from May 2011 the fund is now managed by Scottish Widows Investment Partnership.
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