Time to invest, says Rudolf Wolff
The best time in two generations to invest in investment-grade Central London commercial property? That’s what the managers of the new Rudolf Wolff Central London Commercial Property fund think, according to Investment Week.
The new fund aims to produce net annual income of between 5% and 7% and total returns of 15%-20%, investing in London properties with strong anchor tenants. The target maturity of the portfolio is 5-7 years.
The fund is being run by Robert Hacking-Brian, Ian Besley and Anthony Farrant, previously of Dawnay Day. They say Rudolf Wolff has deliberately waited until after the recent Budget to launch – they are confident that “recession-proof” commercial properties in Central London will continue to attract foreign investors, safeguarding stability.
“During 2008 and 2009 the Central London market was oversold in anticipation of the high vacancy rates seen in the 1990s recession,” Farrant said. “This overhang has not happened as there were far fewer speculative developments underway at the top of the market. This means we are beginning to see a sharp rebound in both rental and capital values, and seek to capitalise on this trend.”
