FC PROPERTY FUND I
Delivering 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
March 2020
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
Wilton Crescent
BELGRAVIA
Reconfiguration of layout and comprehensive refurbishment.
Total Size
2,887 sq ft
Price Paid
£4,250,000
Project Duration
18 months
Exit Price
£8,000,000
Development Partner
Leconfield
Old Park Lane
MAYFAIR
Reconfiguration of layout and comprehensive refurbishment.
Total Size
5,222 sq ft
Price Paid
£12,700,000
Project Duration
12 months
Exit Price
£24,000,000
Development Partner
Leconfield
Wilton Row
BELGRAVIA
Complete reconfiguration and refurbishment throughout, including basement excavation.
Total Size
2,679 sq ft
Price Paid
£3,650,000
Project Duration
20 months
Exit Price
£7,800,000
Development Partner
Leconfield
Cadogan Square
KNIGHTSBRIDGE
Reconfiguration of layout and comprehensive refurbishment.
Total Size
1,500 sq ft
Price Paid
£3,000,000
Project Duration
15 months
Exit Price
£5,000,000
Development Partner
Leconfield
