Real estate market and property appraisal process

An Culu would suit someone keen to live in an Irish castle, but a castle with a difference: one equipped with all the luxuries of the twenty first century.  announces its intention to launch an East African Property Fund, prior to the end of the year.

The asking price is offers over £1.6 million.””Historians will be interested to learn that the Battle of Glen Shiel took place on the estate on 10 June 1719.” “This is recognized as the end of the 1715 rebellion, when the Hanoverians defeated the Backbites.”

It is intended that the Fund will invest in a balanced portfolio of prime properties, in prime locations in selected countries throughout the East African region. The Fund will utilise the expertise of all the parties to acquire and manage the properties and take advantage of the perceived increase in value and growth within the region, with the intention of producing a return to investors of at least 20%.

The outcome is that with a more prominent number of properties available than there are purchasers, expert property valuation figures and possible costs must fall. It is essentially an issue of supply and venture.

Knight Frank Corporate Finance has acted as lead placement agent for all the Rutley Funds launched to date and have raised approximately US$447 million alongside leading investment banks. This will be its fifth fund raising in the last two and a half years.

The Insurance Company of East Africa (ICEA), was established in 1964, with 7 offices in Kenya and Uganda, employing over 290 staff. ICEA Asset Management is a subsidiary of ICEA. It is currently intended that information regarding the Fund, together with the results of detailed country by country research will become available by mid October 2007.

“It is believed that Dr Johnson stopped for refreshments at Shiel during his tour of the Highlands of Scotland in the mid Eighteenth Century.”“Reputedly, he and his party were served milk and in return he offered his hosts snuff, tobacco, and wheat bread.”