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Arch launches new residential fund

Arch Financial Products is launching a new residential fund to capitalise on falling house prices.

Nice Residential III IC Ltd is being launched in partnership with Nice Capital to allow investors to profit from price falls triggered by the economic downturn.

The fund targets below market value properties offered by distressed sellers in the UK market. Investments are maximised through conversions and multi-letting and the fund aims to return at least 15 per cent net of fees with an annual volatility target of 5 per cent.

The Guernsey domiciled fund has a minimum investment of £50,000 and will target absolute returns with an emphasis on emerging London locations with lower purchase values and higher yields. It will also focus on areas earmarked for planned transport infrastructure investment and regeneration projects with target locations centred around London underground zones two and three.

The fund is available to private and corporate investors and has an initial target launch of £20m.

Nice Capital CEO Martin Skinner says: “It’s a counter cyclical, opportunistic fund. We can make excellent returns by purchasing property at levels below market value due to markets under stress, and moreover, it is an opportunity to make those returns at a time when other strategies are faltering.”

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