Braemar Estates appointed to manage the portfolio of GRIF

Property manager Braemar Estates has been appointed as property manager and adviser, to manage the portfolio of Ground Rents Income Fund plc (GRIF).

GRIF is a newly formed, listed, closed-ended company incorporated to acquire a portfolio of long-dated freeholds and head leases. The company will offer investors the potential for income generation and capital growth from ground rents. GRIF is expected to be capitalised at around £50.0 million.