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New property funds to target the buy-to-let market

  • 14/03/2002
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Andrew Reeves Property Ventures has launched five new property investment funds targeting clients wi...

Andrew Reeves Property Ventures has launched five new property investment funds targeting clients wishing to cash in on the buy-to-let market without becoming a landlord themselves.

The minimum investment into each fund is £30,000 for a maximum of 50 shareholders. Andrew Reeves estimates that over the five to seven-year life of each fund, shareholders’ interest should increase by 14% to 19% a year, subject to an average 6% growth in the values of property held by the funds.

Andrew Reeves, chairman of the group, said: ‘We are offering investors the opportunity to spread their funds across a buy-to-let portfolio and share in the profits from the refurbishment and resale of property.’

Three-quarters of each fund will be invested in buy-to-let properties, with the remaining 25% being used to acquire London residential properties for refurbishment and resale.



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