Healthcare and Leisure Property Fund PLC
Closed for further investment
The Healthcare and Leisure Property Fund (“HLP”) invests alongside Close Brothers Venture Capital Trust in financing the construction of new hotels, specialist care homes, small residential building projects and leisure facilities. Trading will then commence at the new facilities and the Fund will usually seek to arrange a disposal after 3 -5 years of the initial investment. HLP provides development finance in exchange for high yielding loan notes and a 50% equity share in the operator of each project. At the same time, the Fund will mitigate the investment risk by securing the debt element of the investment by a first charge against the property assets of the investee company.
Close Brothers Venture Capital Trust, on which HLP is modelled, was established in 1996 and has consistently been one of the top performing VCT of its contempories†. HLP thus benefits from a tried and tested business model.
HLP is aiming to provide a return to Investors made up of distributed income and capital growth in the share price. The target level of income is 7.5% per annum* and the target level of capital growth is 2.5% per annum* giving a total target return of 10% per annum*.
HLP is an open-ended investment company and is an Isle of Man experienced investor fund. The fund is unregulated in the United Kingdom.
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