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Brandeaux investor anger £93m off-market portfolio sale
Brandeaux sold its Ground Rent Portfolio Fund to asset management group Long Harbour earlier this year as part of a wider sell-off of around £500m of assets, other parts of which were marketed widely.
from Property Week
by David Parsley
Investors in Ground Rent Portfolio Fund believe it could have been sold for as much as £110m.
Brandeaux sold its Ground Rent Portfolio Fund to asset management group Long Harbour earlier this year as part of a wider sell-off of around £500m of assets, other parts of which were marketed widely.
A number of investors in the fund were eager to make an offer for the entirety of the portfolio but were denied the opportunity to do so...
A spokesman for Brandeaux said: "With regard to the Ground Rent Funds, all of the property disposals made by the funds, amounting to approximately £900m, have been sold at or above the fund's independent valuation by Cluttons."
