Tuesday, Jan 27, 2009
Latest plan to exploit the weakness of the property market
Citywire: New Pinder fund aims to exploit land market weakness and return 21%
Property investment firm Pinder Fry & Benjamin (PFB) is targeting returns of 21% with a new fund that will buy up agricultural land and sell it on for residential use. The PFB Strategic Land Fund will aim to buy up to 20 agricultural sites before securing planning permission to use them for residential development. PFB chief executive Ed Williams said the fund could exploit the weakness of the property market by buying the land cheap.
Posted by jack c @ 01:48 PM (481 views) Add Comment
4 Comments
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. mark wadsworth said...
Not good.
Liberlise planning laws and introduce Land Value Tax, then vultures like this won't be able to make such easy money.
2. hubbers said...
Tell him he's dreaming
3. Crunchy said...
Britian becomes weaker by the day.
The exact opposite to what we should be doing. Short thinking continues unchallenged.
4. japanese uncle said...
If you know what's good for you, just stay away from the house market for another few years, as if the market were not exististent.