FC PROPERTY FUND II
Fund II was launched off the back of the success of FCP Fund I with several refinements being made in order to maximise returns to investors.
The objective remains to deliver capital growth by acquiring for development and resale a diversified portfolio of residential property in prime central London, inclusive of Belgravia, Knightsbridge and Mayfair.
STRUCTURE
Jersey Private Fund
TERM
5 Years
LAUNCHED
April 2023
STRATEGY
Value-add
i.e. Opportunities with renovation potential, marriage value, lease extensions, etc
LEVERAGE
<50% of GDV
Low leverage at asset level with no recourse to investors
IRR
20%
target return
Selected Case Studies
Eaton Mews West
BELGRAVIA
Scheme of six mews houses and a new office space, which will be developed out by the Fund’s main development partner, Leconfield.
Belgravia Mews House
Freehold mews house in complete disrepair undergoing full refurbishment including basement excavation and erection of a mansard roof extension.
Mayfair Penthouses
Acquisition of air rights for development of two penthouses in the heart of Mayfair.
Belgravia Apartment
First floor apartment with 4m ceilings overlooking Eaton Square.
Knightsbridge Penthouse
Lateral penthouse with outside space in the heart of Knightsbridge.