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Martin Hughes
Toscafund Asset Management has closed its Pounds 150 million UK real estate strategy, Tosca Commercial Property Fund, which targets commercial and industrial real estate opportunities outside of the prime London sector.
The London-based firm launched the strategy in July last year, with real estate asset and project manager London & Scottish Investments providing property expertise. After reaching its target amount of Pounds 150 million, the fund was closed to new subscriptions at the end of November.
The fund's strategy aims to tap into UK banks' desire to offload their commercial real estate exposure, particularly in the non-London, non-prime property markets.
"Toscafund has previously shown that it is able to move quickly to...