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Property fund seeks IFA sales

London & Capital is listing its property fund to make it eligible for Sipp and Ssas investment.

It says this is the first in a series of moves designed to increase London & Capital&#39s UK onshore business significantly through IFAs and other intermediaries. The fund has seen a return of 14.75 per cent since its launch in July last year.

L&C&#39s property division has been investing for several years in direct purchases for private clients and now manages around £160m in property assets.

Managing director Daniel Freedman says the fund complements the group&#39s direct investments, offering flexibility to clients in view of recent interest rises and some property sectors starting to recover.

Freedman says: “We have built up a strong track record in property investment and this fund opens up that expertise to a wider investing audience at a time when property has very much established its importance as an asset class for private clients and institutions.”

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