Clavin Walden To Set Up Property Fund
I just spotted this really interesting story on the web this morning and I just wanted to share it with you. According to Bridging & Commercial, Iain Keys and Robin Hills, the founders of Clavis Walden are currently in negotiations to launch a new property fund that will work to expand investment opportunities in the commercial property sector.
Dubbed ‘The Property Authorised Investment Fund’ this scheme is expected to split ‘…between 80% on brick and mortar and 20% on listed securities once the Financial Services Authority and HM Revenue and Customs have given it the go ahead.
Now I am no expert in commercial property – although over the years I have dabbled in it a bit – but I am quite impressed by this move by Clavis Walden.
As they themselves describe it, it is the most tax efficient structure available for investors looking for a credible income, and the fact that they will have the backing of the FSA and HM Revenue and Customs, makes it is impossible to doubt the sincerity of their project. Not when commercial property is slowly making a comeback.
Remember that I posted about commercial property dropping to below 50% their 2007 peak property prices a while back? Well nothing has really changed there aside from the fact that these prices falls are beginning to stabilise. And if that is happening, what you are looking at now is a potentially invaluable asset that has got the likes of Clavis Warden wanting to back it up.
Anyways I couldn’t resist commenting on this story as it is about time something positive was written about the property market.
Come take a look: http://www.bridgingandcommercial.co.uk/newsstory?id=19349878&type=newsfeed&title=clavis_walden_to_set_up_new_property_initiative
Wendy xx
