Knight Frank Investment Management surpasses $1b for Long Income Property Unit Trust

Knight Frank Investment Management has raised more than £1 billion ($1.35 billion) for its Long Income Property Unit Trust (KFIM LIPUT).

The fund opened to investors in February 2016, and has invested most of its original equity. The fund owns 105 separate assets in the United Kingdom, including a broad spectrum of traditional and alternative real estate sectors.

Knight Frank said the new equity will be used to invest into an existing development pipeline and target new assets in line with the existing fund strategy.

“Although the market for our target assets continues to be highly competitive, we are pleased with the investment progress made over the past 18 months,” said Matthew McDonald, fund manager of KFIM LIPUT. “Our activities have resulted in a strong pipeline of new investments under development, and the new equity will be partly used to fund these, as well as pursue new investment opportunities.”