International Property Fund
The BCP International Property Fund (‘the Fund’) is an open-ended (with limited liquidity) Unit Trust, authorised by the Central Bank of Ireland as a Qualifying Investor Alternative Investment Fund (‘QIAIF’). The Fund is designed to produce long term capital growth by investing in a diverse range of property assets with one common objective; to achieve capital growth through rental growth.
BCP has a depth of experience in property management gained over the last 30 years. The principal shareholder and director of BCP Asset Management, the Investment Manager of the BCP International Property Fund, has under his own advisement and the advice of BCP accumulated a significant family property portfolio in Dublin and London since the 1980’s. This expertise is complemented by BCP’s track record in creating its own successful London property funds for clients over the last 13 years.
The Fund will initially focus on Dublin and London where the BCP investment team have a long and successful track record; circa 13 years in London and 30 years in Dublin. In order to geographically diversify the portfolio in the longer term, the fund plans to enter partnerships with leading ‘local’ fund managers in foreign cities where growth and recovery are anticipated. The investment focus of the Fund will be on prime assets located in areas where the BCP team expect strong rental growth. In addition to prime real estate the Fund will purchase select redevelopment opportunities, where the BCP team has an excellent track record. The investment strategy of the Fund will be unique, because in addition to direct real estate investment the Fund can also invest in select property securities such as REITS and other quoted property shares, drawing on BCP’s background as investment fund managers.
Unlike many other fund managers the BCP investment team will not be fixated by short term returns. By their nature, redevelopment opportunities take time; often many years, to come to fruition and can produce significant returns. However in the short term the unit price may be held back. Similarly, investment in REITS and other quoted property securities can cause the unit price to be more volatile in the short term. The BCP Fund is designed to achieve maximum returns over the long term.