The dragons den star James Caan has been reported to be teaming up with ING for a new commercial fund for properties in the real estate.

His is launching it through his own private equity firm Hamilton Bradshaw but he is still waiting on approval before he can finish, if it is all approved and goes to plan he has said it should be live by autumn.

Simon Latham is in charge of the property investment team at ING and he will have responsibility for administration and managing the fund while James Caan will act as the investment advisor, with him planning to invest around 10% of his personal funds into the plan.
James had this to say

My view is that the real estate market has hit the bottom, valuations have settled and there are opportunities to be had. Two years ago the property market got overheated but today you can acquire real estate at yields of between 7 and 8% at a cost of capital of 6%. Two years ago the cost of capital was also 6% but yields were only between 3 and 4%. This represents a near 30% shift in value and real estate is as attractive as it has been in a while.’