Residential fund to target distressed buy-to-lets in North & Midlands

A residential property fund will aim to target the unprecedented opportunities in the buy-to-let market.

Three Leicester based residential agents are aiming to buy 'distressed and mispriced' buy-to-let properties in the Midlands and North.

The Residential Property Recovery Fund aims to raise £10m of equity by a private placing. The five year closed ended fund is targeting a return of 16% a year and to double investors equity. It is also eligible for investment in a SIPP.


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