Lewis Charles Securities Limited, the London-based investment house, yesterday launched $100 million (Dh367m) three-year closed-ended fund focused on Abu Dhabi real estate sector.
The Lewis Charles Abu Dhabi Property Fund will take advantage of the opportunities in Abu Dhabi presented by a chronic undersupply of housing and the population boom. The fund will be seeking to raise $100m from investors with a minimum investment requirement of $75,000 for individuals and $250,000 for institutions. The target IRR is over 25 per cent per annum.
The fund's Investment Manager – Lewis Charles Securities Limited is authorised and regulated by the Financial Services Authority (FSA) in the UK and has over $132m in assets under management.
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