PRIME CENTRAL LONDON

RESIDENTIAL PROPERTY

OPPORTUNITY FUND (“PLC”) FSA

REGULATED FUND

THIS WILL INCLUDE LONG, MEDIUM AND SHORT-TERM LEASES

Executive Summary

  • The Prime Central London (“PCL”) Residential Property Opportunity Fund is targeting ‘added value’ opportunities in Prime Central London.
  • With over 300 garden squares in Prime Central London, our focus is on properties in and around these highly desirable squares, which can charge an increased premium compared to private and gated roads. This will include long, medium and short-term leases.
  • Prime Central London locations are more desirable to HNWIs, achieving consistently higher prices, as well as being a possible hedge in case of a downturn in the market.
  • Prime Central London is a safe haven asset class with low volatility and little correlation to equities or the UK economy.
  • With an increasing number of global UHNWIs there is likely to be a growing pipeline of demand.
  • The improved transport infrastructure with the introduction of the $25 billion, 60-mile Elizabeth train line is already having the impact of reducing journey times to and from city districts and major transport hubs.
  • Scarcity of supply has underpinned long-term price growth and provides resilience to most of the negative changes that the UK endures (politically and economically).
  • Prime Central London has been supported by the relaxation of travel restrictions and continued downward pressure on the pound.
  • Property’s reputation as an inflation hedge gives it extra appeal, while the prospect of rising borrowing costs is injecting a degree of urgency into the market.
  • Returns are forecasted at around 10.8% IRR (net) with no capital growth and around 13.4% IRR (net) with growth.
  • The fund maturity is a 4-year term. Investors are forecasted to be made whole by the end of year 4.
  • It is tax efficient for both UK and non-UK residents as there is No Capital Gains Tax (‘CGT’) or Inheritance Tax (IHT) for non-UK residents investing in the Fund.
  • The distribution policy ensures that proceeds from resales shall be distributed to investors on a quarterly basis.
  • Our Management Fees will be 1.5% per annum. Carried Interest will be performance related with hurdles-see page 26.
  • Viventum is a sophisticated and experienced developer with powerful infrastructure and comprehensive in-house resources.

Fund Overview

  • Viventum Capital Ltd has been established in England as a private company. This company will undertake all property acquisitions, redevelopments and sales.

 

  • Investors will subscribe for Participating Shares in Viventum Capital. Participating Shares provide investors with a pro rata economic interest in the Fund, but do not have voting rights except for limited investor approval matters. Viventum Advisory or its affiliates will hold Management Shares in Viventum Capital, which have voting rights but limited economic rights.

 

  • Returns to Investors are expected to be made primarily through the redemption of shares in Viventum Capital, although the Board will have the discretion to distribute returns by way of dividends where it considers appropriate. The Fund is closed ended and redemption decisions shall be made by the Board at its sole discretion.

Geographical Locations