X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

LONDON-Schroder Property Investment Management has launched a new opportunistic property fund, aiming to capitalise on any turbulence in the property market to generate high returns. At first closing Gresham Property Partners had already raised £66 million ($98 million) of equity from four founding investors.

CDP Capital–part of Caisse de dépôt et placement du Québec–is backing the fund along with a UK corporate pension fund, a UK property unit trust and one of Schroders’ own subsidiaries. A second closing in December 2001 will aim to bring in a further £34 million ($50 million).

The seven-year limited partnership is aiming for maximum flexibility, and the managers will have the option to invest in standing investments and developments; interests in shared ownership vehicles; joint ventures with specialist > managers and developers as well as securities in quoted and unquoted property companies.

Schroders director Joe Froud said:’We are excited by the prospect of having such a flexible pool of capital at a time of limited property market liquidity and anticipate the emergence of some interesting investment opportunities over the coming 12 to 18 months.’

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.