London property fund launched by BDO

BDO Simpson
, the Irish member firm of the BDO
International Network, has joined forces with sourcing agent
Knight Frank to launch a €30m (£20m)
British property fund.

The Limerick based firm’s Londinium Fund will be used to buy residential
properties in prime central London.

Robert Adams, corporate finance director with BDO Simpson Xavier Limerick,
said the fund was expected to yield a return in excess of 10% per annum.

He said the Bank of Ireland had agreed to provide non-recourse funding to the
value of 66% of the fund.

Further reading:

BDO uses personal touch to win more FTSE audits

BDO admits ‘blockage’ on FTSE 350 audits

BDO and DTI to investigate Farepak collapse

Related reading