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's 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's 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's 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.”