Residential property fund on cards
http://www.property24.com/articles/residential-property-fund-on-cards/11972
Investors will soon have the opportunity to gain exposure to the residential property market without the hassle and risk often associated with direct buy-to-let investments.
Pam Golding Properties (PGP), boutique financial services company Stone Edge Capital and property management group JHI have recently created a joint venture with the aim to establish the first housing fund of its kind in South Africa. The fund, which will be structured as an unlisted variable loan stock company and known as Stone Edge Property Fund, is likely to be up and running within the next three months.
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