Some insurers are now beginning to follow the lead set by Legal & General in the UK, who have been active in investing in many affordable housing and retirement village projects over the last 5 years. The upsides are huge; empty town centres can be brought back to life with real people living there, not just commuters working 9-5 then vanishing for the suburbs. It also ticks the ESG and Net Zero box, as you are helping the WEF create their 15 minute city dream.
Now let’s think ahead to a time when woke activists demand that Air B&B locations are rationed, to stop nice seaside towns and National Parks being “colonised by white privilege.” Politicians will green light new laws and suddenly, second home owners will look for the exit door. Does that present an opportunity to acquire and refurb? Yep. Got it in one.
UK property investment isn’t just for insurance brands, HNW individuals can do the same thing. Here’s a way to invest in fixed assets that have a long term value, and potentially provide a long term rental income too. That’s a double win and no, we aren’t on commission.
The Seventy Ninth Private Equity Fund, which is an Experienced Investor Fund (EIF), specialises in the purchase and redevelopment of distressed assets, across a variety of sectors within the UK property market and will enable experienced investors from around the world to have hands-off access to lucrative UK property investments. It is the first investment option from the Webster Family Portfolio to focus on private equity.
The launch of this fund marks further growth in a quite remarkable year for the Southport-based asset management company, who have, in this year alone, grown to have more than double the staff that they had last year and have also more than doubled the number of investors into the assets under their management.
The investment objective is to achieve capital growth and/or rental income by investing in and developing property across residential, commercial and leisure assets. The Private Equity Fund is an open-ended fund capped at £100,000,000.00 GBP.
Jake Webster, one of the Investment Directors of the Seventy Ninth Private Equity Fund, explains, “The purchasing strategy is to acquire buildings that have the opportunity to significantly improve in value.
“What makes this fund attractive to private equity is its robust, regulated framework and its ability to provide investors exposure to the UK property market without the investor having to acquire a single property. The fund is housed in Gibraltar, a politically and financially stable jurisdiction, renowned globally for its financial services industry.
“The Fund implements the same business model we have successfully applied for over thirty years, which thrives in times of economic uncertainty and turmoil, providing investors with a suitable alternative to traditional ‘status quo’ equities.
“Built from the ground up, we’ve always embodied an entrepreneurial spirit, exploring new and increasingly diverse opportunities to the benefit of our investors.”
The Webster family has been successfully creating value in the UK property market since 1985, by acquiring, managing and developing multiple property assets, ranging from the refurbishment of single terraced houses to the development of gateway development schemes. They are trusted by over one thousand private and institutional investors from over twenty-five jurisdictions who see The Seventy Ninth Group as a cornerstone of their investment portfolio.
The Seventy Ninth Private Equity Fund is regulated by the Gibraltar Financial Services Commission and has appointed a licensed Fund administrator (Abacus Fund Administrators) and auditor (Deloitte).