16. Juli 2012 
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PF Advisors launches Providence Value Property Fund
PF Advisors today announced the planned launch of the Providence Value Property Fund, a three year closed-ended Fund that will invest in a range of residential, commercial and student properties in locations across the UK.
The Fund, which is due be launched in August 2012, is intended to give investors a protected annual yield of 7%, said PF Advisors. The yield should be protected through the receipt of upfront rental repayments on a lease back of each of the properties. It is intended that the Fund will be a cell of the LLP Property PCC Limited and that an application will be made to list the the ordinary shares and loan notes in the Fund on the Channel Islands Stock Exchange.
The Fund will focus on locations that have large populations with a lack of affordable properties and purchase the properties directly from the developer. It will acquire property from developers at a minimum discount of 25% to market prices based on the lower of two independent valuations. The developers will assume any risk on the sub-letting and management of the properties by leasing back the properties from the Fund on a projected yield of 9.2%.
PF Advisors Ltd, the property adviser to the board of directors of the PCC in relation to the Providence Value Property Fund, has already lined up potential transactions to purchase and lease back property from a developer called FreshStart Living Limited with a value of approximately £15 million worth of assets.
The Fund, which is due be launched in August 2012, is intended to give investors a protected annual yield of 7%, said PF Advisors. The yield should be protected through the receipt of upfront rental repayments on a lease back of each of the properties. It is intended that the Fund will be a cell of the LLP Property PCC Limited and that an application will be made to list the the ordinary shares and loan notes in the Fund on the Channel Islands Stock Exchange.
The Fund will focus on locations that have large populations with a lack of affordable properties and purchase the properties directly from the developer. It will acquire property from developers at a minimum discount of 25% to market prices based on the lower of two independent valuations. The developers will assume any risk on the sub-letting and management of the properties by leasing back the properties from the Fund on a projected yield of 9.2%.
PF Advisors Ltd, the property adviser to the board of directors of the PCC in relation to the Providence Value Property Fund, has already lined up potential transactions to purchase and lease back property from a developer called FreshStart Living Limited with a value of approximately £15 million worth of assets.
