Caan: The time is now for commercial property investment
Dragon’s Den star James Caan is teaming up with banking and savings firm ING, as part of a new UK commercial property fund.
As reported on City Wire, Caan will be working alongside the head of property investment at ING, Simon Latham, to produce the Hamilton Bradshaw Diversified Property fund. Caan will be acting as an investment adviser on the fund, which is due to launch this autumn.
Caan states that the market is the most attractive it has been for more than two years, as reports claim that he plans to invest 10% of his personal wealth into the scheme, supporting other numerous suggestions of ‘green shoots’ in the commercial property market.
Speaking to City Wire, Caan says:
“My view is that the real estate market has hit the bottom, valuations have settled and there are opportunities to be had.”
He adds: “This fund will be run according to a specific mandate. With an experienced entrepreneur running the fund alongside ING, I believe the fund provides investors with an attractive investment opportunity.”