A Prime Central London high-end residential heritage restoration and conversion fund
RECAS is the exclusive channel for raising of a very niche high-end residential investment Fund in Prime Central London – Luxx.
Luxx is to acquire heritage commercial buildings in prime addresses (e.g. Paddington, Westminster) to restore and convert into residential units for strata title sales, which is in very strong demand due to continuously inflow of people into London.
Recas targets to raise ₤50 million for Luxx by June 2015 to invest in the pipelines for a targeted return of 20% IRR within a 5 year period. Luxx will be executed by a team with 20 years’ experience of heritage property acquisition and conversion in London.