Fairway Capital eyes housebuying spree in LondonComments Off on Fairway Capital eyes housebuying spree in London
An investment company which counts actress Cara Delevingne’s property developer father Charles as a board member, is looking to raise £120 million towards a London housebuying spree.
Fairway Capital wants to take advantage of price cuts in the high-end central London residential market amid Brexit uncertainty.
It plans to add value to properties by revamping them or getting planning permission to improve them, and then selling them on for profit when the industry improves.
The firm will work with developer Leconfield Property Group on makeovers.
Fairway Capital has secured £80 million of funding from its private clients for the “opportunity fund”. It plans to tap up other investors, property companies and high networth individuals for a further £120 million. A £250,000 sum is the minimum amount firms can invest.
Chairman James Goldie said: “The prime central London market is looking competitively priced. This is a rare opportunity to get on board for the next cycle of growth.”