LCP says prime central London property is likely to increase in value after the UK’s decisions to leave the EU.
The agency said that it had received a “stream of enquiries” from the early hours of the morning and that in light of that it would do a further fund raising.
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“In light of the anticipated appetite, particularly from foreign investors, LCP has decided to make a second share offering available for its quoted property company, London Central Apartments III, which exclusively invests in the private rented sector in Prime Central London” said Naomi Heaton, CEO of London Central Portfolio.
LCP said the fallout for the UK property market will be two speed, with the domestic market affected by the economy and employment, with the prime market seeing a flight to quality.
Gold prices, to which LCP is historically closely aligned, have already increased by 5%.
Alex.peace@estatesgazette.com or @EGAlexPeace or @EstatesGazette
