View more on these topics

Seven Dials ponders global property fund

Property fund manager Seven Dials is planning a fund of Asian property funds that may be a springboard for a global offering.

The company already runs a fund of European property funds and now has the Asian market in its sights. It is recruiting people to research the Asian real estate market and says once the fund is up and running, the next stage of development will be a global fund of property funds.

Seven Dials says there is a trend for institutional investors to make global allocation to property, as they do not want to be restricted to one area. It believes this trend is becoming increasingly common among other types of investors and wants to be a part of this market but has not decided on the timing for a possible launch.

It is also finding value-added opportunities for its European property fund of funds. These comprise buildings where part of the return comes from the manager’s ability to make improvements. It says since the cost of borrowing has risen, it has not been possible to achieve returns by buying and holding properties while values go up. It says managers have to work harder and the best opportunities are found in the value-added category.

Chief executive Brett Robinson says: “We are working on our European fund of funds and will launch the Asian fund as soon as we are able to. There is a big gap between Europe, Asia and the rest of the world but Asia is within our reach and the next step will be global.”

Recommended

Sophie’s choice

I would like to invest more ethically. What advice can you give me?

Three reappointed to FSCS board

The FSA has reappointed three non-executive directors to the board of the Financial Services Compensation Scheme, effective from 1 June 2008.

What's going on in the 'offshore' world?

Graeme Robb, Senior Technical Manager at Prudential, explores the current state of the nation for offshore issues and highlights areas which may be particularly relevant to advisers. In the context of insurance companies, ‘offshore’ can be a relatively straightforward matter. Like their onshore equivalent, offshore bonds are ‘non-qualifying’ for tax purposes, meaning that all gains […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com