Second Estates has launched a new fund giving investors exposure to the U.K. holiday lettings market.
The fund provides sophisticated investors, high-net-worth individuals and institutional investors with access to an alternative real estate asset class, offering a share in any rental income and increase in property values over time. The fund is exclusively for sophisticated investors, HNWIs and funds with a minimum investment amount of £10,000 ($14,000).
The launch of the fund follows Second Estates successfully securing its first tranche of investment, which will be deployed into U.K. holiday let properties in the run up to the busy summer season. The fund is open for further commitments and has a target of up to £100 million ($142 million) in assets.
The U.K. holiday letting market is a high-yielding alternative property class. Holiday let properties can produce yields of more than 12 percent, significantly above traditional buy to let and student properti
