Arlington Securities, one of Europe's leading independent property services and investment management businesses, has today announced that the Arlington UK Balanced Property Fund, an open-ended investment vehicle, has completed one year's trading with the total Funds under management increasing over the period from £37.15million to £67.3million.
The Fund has also recorded a return to investors of 20.0% for the period from 2nd March 2005 to 28th February 2006. This marks a strong performance when compared with the Investment Property Databank's (IPD) UK annual index figure for 2005 of 19.38% taking into account a substantial amount of acquisitions also carried out in the period.
In November 2005, the Fund acquired a second £23 million portfolio of office and industrial properties and in December 2005 achieved a listing on the Association of Real Estate Funds' All Balanced Funds Index.
Rod Ross, the Fund's manager commented:
"We are extremely pleased to have almost doubled the funds under management in a year. Our aim is to make indirect commercial property investment as accessible as possible whilst providing a healthy quarterly dividend in addition to excellent capital growth. We are expecting the Fund to continue to grow significantly over the next twelve months as investors continue to increase their exposure to commercial property."
The minimum investment in the Fund is £90,000 (€125,000) subsequent investments must be in amounts of at least 5,000. A secondary market dealing facility is provided by Cazenove
"Arlington's ability to source attractively priced property deals in a competitive market is integral to the Fund's ongoing success. As a market-leading property investment manager with 7.3billion of assets under management, Arlington has excellent access to the market and is often the 'first port of call' for leading property brokers."