Gorkana Insight & Analysis Team
Smithfield has been appointed by Longcross Property Investment Fund, a fund offering the opportunity to invest in both commercial and residential property throughout the United Kingdom, to assist in raising its profile and attract investment.
Smithfield will use its expertise in the investment industry and its investment media contacts to help Longcross to boost its profile amongst key intermediaries and grow its investor base.
The Guernsey domiciled fund launched in August 2010 and is looking to grow its assets under management by initially attracting retail investors via the investment and personal finance media. The fund targets Grade A secondary assets assets commercially and new-build family housing in high quality locations, offering high street retail, industrial units and office accommodation in the commercial market, and well-located, high quality developments with an emphasis on 3-4 bedroom houses gets on the residential side.
The open-ended structure, available through most offshore platforms, has been performing strongly since launch and gives SIPP investors the opportunity to invest in the UK commercial and residential property markets. The fund is has traded at a premium to NAV since launch, outperforming both its benchmark and peer group.