Rat and Mouse
Thu
02
Apr
The vultures are landing
As the latest sign of investors piling into prime central London property, London Central Portfolio, the advisory service for prime residential property, has launched a vulture fund bottom-feeding for Mayfair and Knightsbridge property.

It's called The London Central Residential Recovery Fund, and - as described above - it's a strange bird-fish, flying-bottom-feeding creature, which will renovate and let out bottom-of-the-market properties in top-of-the-market neighbourhoods. Minimum investment: £50,000, and it's targeting a 15% return.

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