Media & News

"Brandeaux investor anger £93m off-market portfolio sale"

20 June 2014

from Property Week 

by David Parsley

Investors in Ground Rent Portfolio Fund believe it could have been sold for as much as £110m.

Brandeaux sold its Ground Rent Portfolio Fund to asset management group Long Harbour earlier this year as part of a wider sell-off of around £500m of assets, other parts of which were marketed widely.

A number of investors in the fund were eager to make an offer for the entirety of the portfolio but were denied the opportunity to do so...

A spokesman for Brandeaux said: "With regard to the Ground Rent Funds, all of the property disposals made by the funds, amounting to approximately £900m, have been sold at or above the fund's independent valuation by Cluttons."

Click to Read Full Article Here