Kames Capital launches closed-ended Active Value property trust

'Opportunities' for active investors

Anna Fedorova
clock • 1 min read

Kames Capital is launching a second version of its closed-ended UK Active Value Property unit trust with a £50m seed investment from West Midlands Pension Fund.

The Active Value Property fund II is a seven-year closed-ended fund, and will follow the same investment strategy as the original UK Active Value Property unit trust, which raised £275m. It will be managed by Philip Bach, supported by the Kames property team, who will target the good quality secondary commercial property market, particularly those properties in the £5m to £15m price bracket. The new fund will aim to raise £250m and will have a target distribution yield of around 6.5% per annum gross of AMC (paid quarterly). Kames, which has been running its Active Value strategy fo...

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