Investment manager Cenkos Channel Islands has launched a new
fund giving investors the ability to invest in local property
within the Channel Islands.
Capitalising on the islands' strong commercial property
sector, the Channel Islands Property Fund Limited, is an
authorised, closed-ended investment company incorporated in
Guernsey and listed on the Channel Islands Stock Exchange. The
company anticipates that the fund will pay out dividend yields of 6
percent per annum.
"Our aim is to provide a return from a combination of
capital growth and an appropriate dividend policy through the
acquisition and active management of commercial property,
predominantly in the Channel Islands. We have already acquired our
first property in Guernsey, Regency Court, situated at Glategny
Esplanade within St Peter Port and are finalising a deal to
purchase a property in St Helier, Jersey before the end of the
year," said Jonathan Ravenscroft, Chief Executive of Cenkos
Channel Islands.
