Promoted by Dartmoor Capital Management Limited (DCML), the Investment Adviser, which is authorised and regulated by the Financial Services Authority (FSA). Mansion Student Accommodation Fund, listed on Channel Islands Stock Exchange and authorised by the Guernsey Financial Services Commission (GFSC).
DCML established the Mansion Student Accommodation Fund (MSAF) as a sub cell to an open ended Protected Cell Company (PCC) in Guernsey. The first dealing date was in Dec 2009, and DCML are the Investment Advisor and promoter to the MSAF. The investment strategy of the cell is to concentrate on the acquisition of purpose-built halls of residence in the UK’s top 30 (measured by student population) towns and cities. The aim is to achieve capital growth by acquiring a portfolio of properties, where a combination of location, demand Vs supply imbalances, and strong rental income is greatest, as identified by the Property Adviser (Mansion Capital Partners Limited) and proposed by the Investment Adviser. Student Accommodation properties will be acquired using a combination of the Cell’s equity and non-recourse debt reflecting gearing of no more than 50% of the Gross Asset Value of the cell. The first property purchased was in Liverpool for just over £15m.
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