Montello Launches UK Real Estate Opportunity Fund

Jan 7 2014 | 5:17am ET

London-based real estate financier Montello has launched its third fund, the Montello Real Estate Opportunity Fund, with £250 million.

The fund has been launched in Luxembourg as a SICAV SIF, and formally received sign-off from regulators late last month. CBRE is assisting as transaction manager, while Luxembourg Fund Partners and Apex Fund Services are assisting with the operation and administration of the fund. The fund is being audited by PwC, and ABN Amro Bank is serving as custodian.

Christian Faes, managing partner at Montello, commented: "The team that we have brought together for this fund is unquestionably the best team of global fund and real estate professionals in the market. Being able to have CBRE involved is a real coup, and we look forward to working with them to build a very strong presence in this market.”

Montello received seed funding from three offshore institutional investors, and is now taking investments on an on-going basis. The fund is open-ended and trades monthly, and will provide investors with a net return between 6-10% per annum, payable quarterly.

The Montello Real Estate Opportunity Fund will have a broad investment mandate, which will build upon Montello's track record as a leading short-term real estate lender in the UK market. In addition to bridging finance, the fund will be able to provide development finance and enter into joint ventures.


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