New Property Fund Launched by GIC Real Estate
The Singapore based global investment management company, GIC Real Estate, has teamed up with Orchard Street Investment Management, a specialist UK commercial property adviser, to raise the Property Development Finance fund worth £300 million.
This property fund is set out to invest on up to 15 separate acquisitions over a period of 3 years that will spread out between £15 million and £50 million in value.
Chris Bartram, the Orchard Street’s chairman, described that the partnership with GIC Real Estate had specific categories property investment planned:
The object is to buy assets with active management potential for improvement.
He also stated that this was an investment area of “particular experience and expertise” for the company.
Large investments of this type in the UK property market just shows that it is still absolutely possible to make profits out of property investment in Great Britain, with a vast range of opportunities.
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