Tuesday, January 27, 2009

Latest plan to exploit the weakness of the property market

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 (905 views)
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4 thoughts on “Latest plan to exploit the weakness of the property market

  • mark wadsworth says:

    Not good.

    Liberlise planning laws and introduce Land Value Tax, then vultures like this won’t be able to make such easy money.

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  • Tell him he’s dreaming

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  • Britian becomes weaker by the day.

    The exact opposite to what we should be doing. Short thinking continues unchallenged.

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  • japanese uncle says:

    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.

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