Candy & Candy cancel residential fund

I recently drew landlords to the opportunities available of investing in buy-to-let through a buy-to-let fund.

It appears that the recovery in the housing market has caused one fund to abandon it's plans to float.

Property developers the Candy brothers have cancelled plans to create and float a London residential property fund after sharp value rises took away the chance for opportunistic buying.

Nick and Christian Candy had wanted to raise 50 million pounds of equity, building a fund worth 100 million pounds including debt. Smith & Williamson, which was working with the Candys, confirmed that it had stopped pre-marketing of the Candy & Candy Growth Fund.

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