Bridgeway Prime Shop Fund Group, which operates a scheme for collective investments in retail properties, aims to take advantage of the current weak environment in the sector to grab quality shops at relatively low prices.
According to group chief executive Edwin Lee, Bridgeway aims to raise a total of HK$1 billion to invest in 20 shops.
An individual fund will be set up for each shop with an ultimate goal of generating 30 percent return in three to five years, the Hong Kong Economic Journal quoted Lee as saying.
The group has spent two and a half years to obtain a license from the Securities and Futures Commission for engaging in businesses related to securities trading, advisory and asset management services for rich individuals.
Each investor participating in the scheme will have to contribute at least HK$1 million into a fund that will be divided into unit shares, Lee said.
[Chinese version中文版]
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