UK Land Fund No.9

Stirling Mortimer launched the No 9 UK Land Fund 2 on Monday 18th January 2010 and the offer will remain open until the 30th July 2010 or when fully subscribed at £100 million

This Fund will retain an identical strategy to the highly successful No 8 UK Land Fund and will only invest into land in the UK that already benefits from planning consent and can be purchased at a discount to the current red book valuation. Bank financing of development projects is still problematic and, as a consequence, there are still many deals available from developers keen to enhance their cash flow. There are, however, signs that land prices have stabilised and the major PLC developers are coming back into the market and so the timing of this Fund appears to be excellent.

The aim is to buy low and then re-sell at nearer the market value either immediately or in the medium term. Development is essential to meet not only the Government target of three million new homes by 2020 but also the general consumer demand. The land is owned from outset with no borrowing requirement and the Fund will not look to develop the sites itself merely profit from the cash flow pressures being experienced in the building/development sector.

Land Fund 2 will benefit from the election to pay corporation tax on profits in Guernsey at the rate of 0%. This makes an investment in UK Land even more attractive for pension and overseas investors alike.

The main features of the Fund are as follows;

• FSA prospectus approved and Channel Islands Stock Exchange Listed
• 0% initial charge, 1.5% annual management charge
• 9% marketing allowance which can be rebated for additional allocation on a 1 for 1 basis
• Available to SIPP/ SSAS/ ISAs/ Trusts as well as direct corporate and personal investment
• Minimum investment £20,000
• Tax advice; KPMG
• The Fund has elected to pay Tax in Guernsey at the rate of 0%
• Administration; Heritage International Fund Managers
• FSA advice; Wragge and Co
• Auditors; BDO
• Advocates; Ozannes
• Bankers RBSI Ltd

The prospectus, application form and sales marketing literature are all available under the literature library. If you require hard copies please contact christine@stirlingmortimer.com

To arrange a meeting with our Sales Managers please contact Mark Wheatley on 07894 585953 (North, Midlands, South West & Wales) or Trevor Sayce on 07976 354915 (London, South East & Scotland).