Clavis Walden revisits plans for Paif

Clavis Walden is sticking with its plans to launch one of the UK's first property authorised investment funds (Paif), despite delaying it for eight months.

The firm postponed the initial launch of the Piccadilly Paif in February, saying uncertainty over the UK election outcome and European sovereign debt concerns were dominating investor thinking. Iain Keys, founding partner, says although Clavis has not set a new launch date for Piccadilly, Clavis will start talking to investors this month to gauge interest. He says the firm's original target launch size of £25m to £30m is still realistic. "Property is still a good income provider and inflation hedge. With inflation coming back, property will come back on the radar for investors," Ke...