British Land is said to planning a
new Buy to Let property fund with
CR Property Advisers. The fund
aims to raise £50 million in the first
tranche of investment building to
£300 million. The fund will focus
on properties worth around £500-
800,000 and about 500 properties
are expected to be purchased, with
a target rental income yield of
3.5 per cent. King Sturge will act
as adviser. British Land is the UK’s
second largest property
investment trust but it will only
actually invest £6million of its own
money in the fund, one of its first
residential investments since 2006.
James Taylor, director at British
Land, said: “This is an expansion of
British Land’s property
management. It is appropriate
that as a manager we should also
take a stake.”
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