Dragon’s Den icon James Caan invests in commercial property scheme
James Caan, star of hit TV programme Dragon’s Den, is said to be teaming up with banking and savings firm ING for a new UK commercial property fund.
According to a report by City Wire, Caan will be working alongside the head of property investment at ING, Simon Latham, and will act as an investment adviser on the fund. The result – Hamilton Bradshaw Diversified Property fund – is due to be launching in the autumn.
Caan plans to invest 10% of his personal wealth into the scheme, supporting other numerous reports of ‘green shoots’ in the commercial property market. According to Caan, the market is the most attractive it has been for more than two years.
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.”
“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.”
Find out what else Caan has been up to lately:
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