lcp service summary

London Central PortfolioResidential Funds and Asset Managers

Investing in Central LondonAcquisition • Design & Refurbishment • Letting & Rental Management • Fund & Asset Managementwww.londoncentralportfolio.com • t: +44 (0)20 7723 1733 • e: [email protected]

Long recognising the importance of Prime Central London residential (PCL) as an alternative asset class, LCP was established in 1990 to offer an integrated service

exclusively representing the interests of investors looking to maximise their returns.

LCP focuses on the “bullseye” around Hyde Park, where scarcity of stock coupled with international demand underpins long term price growth. It is the only company to specifically target the increasingly important mainstream Private Rented Sector (PRS), offering all the relevant market expertise and property services in-house.

LCP accesses whole-of-market for the best opportunities using proprietary financial modelling to evaluate each investment. It manages the development & design of the assets and provides a letting and management service, optimising capital & rental returns.

It is the only company to have successfully brought a series of closed-end residential funds to market targeting the Private Rented Sector in PCL & is the only company to offer Shariah compliant residential funds in the UK.

It has invested 1bn USD of clients’ assets in PCL. Since 2000, LCP’s clients have seen the value of their investments exceed average market growth by over 49%1 on divestment.

LCP is the only company to have launched a series of funds targeting the private rented sector in PCL. These meet investor demand for this globally desirable, safe haven asset class which demonstrates low volatility and little correlation to equities.

Based on LCP’s proven business model, each fund creates a premium quality diversified portfolio of 1 & 2 bedroom units across PCL’s most desirable postcodes.

Coupled with strong market growth, averaging around 10% p.a3. over the last 45 years, the funds offer attractive and consistent capital growth and rental returns.

LCP’s funds, launched in 2008, 2010, & 2013, have seen capital growth of 58%, 50% & 28% respectively to March 2014*. LCP is now launching further funds to provide professional access to this asset class4. *Past performance is not a guide to the future.

The PRS now comprises almost 40% of all residential units. It attracts blue-chip corporate tenants & wealthy international students looking for small “boutique hotel style” units. However, stock in PCL is scarce with around 6,000 properties changing hands each year.

LCP’s local knowledge ensures it hears of the best opportunities first. it focuses on location, potential to add value & financial merit and, using its 25 years’ experience of the PRS, it negotiates the best possible purchase prices & provides reliable rental estimates.

With most units located in heritage buildings & sales only occurring, on average, once every 30 years, many require complete refurbishment. This is a crucial part of the investment strategy, creating immediate capital uplift & maximising each property’s rental appeal.

LCP ensures all property is immaculately interior designed & furnished straight after renovation to attract high calibre tenants quickly & profitably. LCP then provides on-going property management. Its flats let within 20 days on average & occupancy is 96%2.

One-Stop Investment Service in Prime Central London

Prime Central London Residential Property Funds

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Rental Investment Service for Private Clients

Property Search & Acquisition The scarcity of stock in PCL makes it challenging to find the best opportunities. LCP’s reputation ensures we hear about them first. Having listened to your brief, we draw up a shortlist focusing on location, growth potential & financial merit.

We provide in-depth financial analysis with every recommendation, for informed decisions. This includes all costs, taxes & fees and accurate projections of achievable rents. We negotiate hard on purchase prices and manage the entire buying process to completion.

Refurbishment & Design Many properties require complete refurbishment to prepare them for an exacting tenant market. LCP provide detailed specifications, designs & fixed price quotes, delivering projects on-time & to budget. This makeover creates significant capital uplift and is a crucial part of the investment strategy.

Letting & Rental Management LCP proactively markets each property in-house so our flats let quickly & occupancy runs at about 96%. We reference & meet all potential tenants & follow this up with responsible, accountable property management. Ideal for those wishing to delegate all the day-to-day issues.

Individually Tailored Service for Home Seekers

Home Finding Service LCP’s service integrates acquisition, refurbishment, interior design & property management. We start by listening to your requirements & go on searching, on & off market, until we buy exactly what you want.

Project Management & Design Our PM team will then organise the design & refurbishment of your property, coordinating all the necessary professionals to translate your vision into the perfect home.

Aftercare & Maintenance LCP’s in-house management & maintenance services mean that we can go on looking after your property once you have actually moved in. Providing you with peace of mind, especially if you are frequently away.

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Rental Investment Purchases (payable on successful transaction) 2% of agreed purchase price Initial payment (deductible from fee above): £1,500 per unit (Contribution towards market screening and compilation of shortlist)

Home Owner Purchases (payable on successful transaction) 2% of agreed purchase price Initial payment (deductible from fee above): £3,000 per unit (Contribution towards market screening and compilation of shortlist)

Letting and Rental Management 15% of gross rent

Other Rental Investment Services Furnishing: fixed price quote (approximately 3% of capital investment) Refurbishment: fixed price quote (approximately 10% of capital investment)

Interior Design & Post-Purchase Management For Home Owners By quotation only

Investing in Central London

Private Client Fee Guide

Please read in conjunction with our terms and conditionsFees and charges subject to VAT and may vary

Hugh Best, BA HonsInvestment Director

Hugh has been at LCP for 10 years and has detailed knowledge of financial modelling and data analysis in this sector. He has been instrumental in the establishment and launch of all LCP’s funds.

George Hankinson, BA HonsManaging Director

George has been at LCP for 15 years and has extensive experience in all facets of the business, supervising acquisition, project management & design, letting & rental management.

Naomi Heaton, MA Hons (oxon)Founder and CEO

Naomi set up LCP in 1990, following directorships at Saatchi & Saatchi and Young and Rubicam. She has developed LCP into a recognised market leader in both the fund and private client space.

Robert Guest, MA Hons (oxon)Director

Robert is a qualified lawyer, specialising in financial services. He advises on tax and fund matters and is responsible for corporate governance and legal compliance.

The Management Team1 Gross capital return before transaction costs & SDLT. 2 Average growth: ONS from 1969 (9.9%); HM Land Registry HPI from 1995 (10.5%). 3 LCP data 4 Issued by London Central Portfolio Ltd & approved by LLP Services Limited (authorised and regulated by the Financial Conduct Authority). The value of any investment may fall & investors may not get back their original investment. Past performance is not a guide to the future.


lcp service summary

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