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LONDON CENTRAL PORTFOLIO
REAL ESTATE INVESTMENT ADVISORY
Acquisition . Refurbishment . Rental . Asset Management 
LCP Private: November Issue

A Note from CEO, Naomi Heaton 


Given the unprecedented turn of events following the outcome of the US Election, the Prime London property market may not be top of your agenda. However, we believe that there will be a net positive impact on the market with investors retrenching into blue-chip tangible assets as uncertainty on the political and economic stage is heightened once again. Jitters in global equity markets driven by widespread speculation will be countered by flights to safety, with gold, the Yen and Swiss Franc set to benefit.
The result moves the global spotlight away from Brexit, but the repercussions could be felt across Europe with the prospect of anti-establishment votes becoming keener. Whilst all of this plays out, Prime Central London (PCL) property, a traditional safe haven, is expected to benefit from a similar flight to quality, asset-backed investments, as it did during the Global Financial Crisis. Hear Naomi's interview with Estates Gazette and read more in the section 'LCP in the Media', below

Currency Opportunity 


Apart from the anticipated draw of safe haven assets, investment appetite in PCL has already seen an uptick following the weakening of sterling, post-Brexit. For foreign investors, facing the prospect of higher taxation, a weak pound is mitigating these increased costs. This is particularly true for dollar denominated investors for whom average prices are now back to 2007 levels, 28% down on their 2014 high. Coupled with low interest rates, this represents a real buying opportunity, particularly as prices have plateaued over the last two years.
Source: HM Land Registry Monthly HPI, XE

LCP visits South East Asia


LCP will be visiting the region to meet with interested investors and existing clients to discuss the current opportunity in PCL, both through direct investments and LCP’s managed funds. Naomi Heaton, CEO, will be accompanied by recently appointed director, Rick Denton, previously CEO of the family office, Triangle Group. Their itinerary will be:
  • Singapore: 21st  – 23rd November
  • KL: 24th November
  • Hong Kong: 25th November & 28th – 29th November
  • Bangkok: 26th – 27th November
To organise a meeting, contact: Kate on +44 (0) 0207 723 1733 or email kate@londoncentralportfolio.com

Heaton Named Top 500 UK Business Person
 

Naomi is delighted to have been named one of the top 500 HNW private client advisers in the UK by Spear's, in their landmark Spear's 500 guide.

Naomi received the award in recognition of both LCP's pioneering property funds and the company's unique one-stop service for residential investors in PCL. LCP's Director, Rick Denton, also received an award in same category. Read what Spear's had to say. 

LCP in the Media
 

LCP has been discussing the changing face of the UK property market with the global press and has been a spokesperson for the market following the US Election result. Its comments have been published in The Sunday Times, Guardian, Daily Mail, Evening Standard, FT, Telegraph and CityAM, amongst others. Click here to read more. In anticipation of our trip to South East Asia, we have been talking with the South China Morning Post about our private client service and how LCP maximises  returns for direct investors.
For press enquiries, contact Lauren Kemp on +44 (0) 207 723 1733 or lauren@londoncentralportfolio.com

LCP launches new PRS resi fund


Following significant interest on the back of the weak sterling, LCP is to launch London Central Apartments IV (LCA IV). This will replicate the successful model of LCP’s previous offerings, investing in the mainstream Private Rented Sector (PRS) in Prime Central London (PCL). It will selectively acquire properties with added value potential which will undergo a full refurbishment and design program. This new vehicle will offer annual interim distributions to meet investor demand for yield in a low interest rate environment, as well as targeting 100% return on investment over 7 years. 
LCA IV, due to become a listed investment company, will offer significant tax advantages for investors, not available if they ‘go-it-alone’ and invest directly. Whilst tax legislation is subject to change, LCA IV is not liable to the forthcoming reduction in mortgage interest relief nor the additional rate Stamp Duty. For the offshore investor, it is exempted from both non-resident CGT and the forthcoming look-through non-dom inheritance tax. UK investors can also benefit from using tax-efficient savings schemes such as SIPPs, SSASs and ISAs and a reduced rate of CGT. 

To find out more download the Investment Summary or contact Hugh Best on +44 (0) 207 723 1733 or
hugh@londoncentralportfolio.com

Day in the life of a Buying Agent


Opening emails at the start of this week, we have a lot of new business enquiries to get back to. It has been a busy time recently with growing private client interest on the back of global economic uncertainty, weak sterling and low interest rates. After a quieter period, post-Brexit, this is encouraging news. We get on with answering the raft of questions on the market that have been asked. We also hear from a client who has now confirmed that they want to invest and note down their requirements onto the database so we can start the search process for units matching their brief. Read more...
 
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Important Information
This financial promotion has been issued by LCP Capital Investments Limited and approved by F2 Capital Ventures Limited (authorised and regulated by the Financial Conduct Authority). LCP Capital Investments Limited is an appointed representative of F2 Capital Ventures Limited. It does not provide investment advice and its staff do not provide personal investment reccomendations. Any decision to invest should be made solely on the basis of a forthcoming Investment Memorandum which will contain full details concerning LCA IV and the risks involved.