FC PROPERTY FUND II
Fund II has been 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
Value-Add Strategy
I.e. opportunities with renovation potential, marriage value, lease extensions, etc
Diversified Portfolio
Variety of single unit apartments, houses and boutique multi-unit schemes
Price Segment
Focus on £5–15m resales, the most liquid part of the market
Buying Power
Purchase efficiencies via the fund i.e. Acquisitions in bulk (six or more units), should allow significant SDLT savings
Low Leverage
Leverage at asset level only with no recourse to investors (40-50% of GDV)
20% IRR
Target return
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.
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.