Publications

Fundraising - JANUARY 29, 2019

To read this full article you need to be subscribed to Newsline.

Sign in Sign up for a FREE subscription

UBS Asset Management launches open-end U.K. property fund

by Released

UBS Asset Management’s (UBS-AM) Real Estate & Private Markets (REPM) business has launched the UBS Long Income U.K. Property Fund (UBS-LIF Property, the Fund), with an initial commitment of £90 million ($118 million). This investment has been used to acquire a seed portfolio of five U.K. hotel assets comprising more than 650 rooms, let to the Compass Group on 15-year lease terms.

The newly launched open-ended real estate fund will offer investors the opportunity to access a portfolio of U.K. long-lease assets benefitting from indexed rental increases, with a focus on alternative sectors.

The fund aims to target assets with a strong underlying site value, embedding capital preservation characteristics into the portfolio.

The initial circa £90 million ($118 million) of equity has been committed by a major U.K. local government pension plan, and REPM is currently in discussions with further investors in the United Kingdom and overseas, with a strong pipelin

Forgot your username or password?

We use cookies and other tracking technologies to personalize your user experience on our site and perform site analytics. By clicking on “I accept”, you consent to our Privacy Policy.