Investment Examples

Equity participation in a major Central London redevelopment of 36 apartments Central London residential market continues to perform well, strong overseas interest, shortage of good quality stock
MCPGF2 have invested £1.2m alongside a syndicate of private investors with Mayfair Capital monitoring the project for all investors
A well-established developer with an excellent track record
Gross Development Value in excess of £50m
Investment period anticipated to be 24-30 months
Anticipated IRR in excess 20% p.a.

The Fund acquired this former Nationwide Building Society unit in February 2010. Following refurbishment and the resolution of planning issues, the unit was let to Radley Retail Ltd and sold to a private investor in November 2010. The return to the Fund was 13% during the nine month period of ownership.

The Fund, managed by Schroders and Grafton Advisors provides the fund exposure to 9 good quality investments in London valued at £700m. The Central London occupational market has recovered well since August 2009 when units were acquired for the fund at a 12% discount to NAV. 4,480 units we acquired for £223 per unit, June 2011 Valuation of £433 per unit a (94% increase).