The Local Authorities’ Property Fund

Capital at risk. Past performance is not a reliable indicator of future results. The value of investments and the income derived from them may fall as well as rise. Investors may not get back the amount originally invested and may lose money.

Key facts

Launch date
April 1972
Unit types
Income
Minimum initial investment
£25,000
Minimum subsequent investment
£10,000
Dealing day
Last day of month
Redemption notice period
Six months
Bid to mid spread
1.55%
Mid to offer spread
6.75%

Fund overview

About the fund

The fund aims to provide investors with a high level of income and long-term capital appreciation.

The fund is designed to achieve long term capital growth and a rising income from investments in the UK commercial property sector.

The fund is actively managed with a focus on asset selection. The intention is to boost returns by lease and tenant management and property improvement.

The fund has a broad sector spread, with prudent diversification to keep risks under control.

Investment approach

The fund is an actively managed, diversified portfolio of UK property. It currently invests in UK commercial properties (both freehold and leasehold) but may invest in other assets.

The fund is managed in line with CCLA’s approach to property investment.
 

Sustainability approach

We believe that the primary role of sustainable investment is to drive positive change. The fund applies a number of restrictions on property tenants in accordance with our values-based screening policy.

The FCA has introduced sustainable investment labels to help investors find products that have a specific sustainability goal. This product does not have a UK sustainable investment label because it does not have a sustainability goal.

Read our summary of SDR, the investment labels and our overall approach. Fund-level information can be found here.

Who can invest?

Any local authorities in England, Wales, Scotland and Northern Ireland. 

The fund currently has a redemption notice period of six months.

Fund documents

Click download all for all the documents listed in this section. Alternatively, you may download individual documents.

Download all

Advisory board

An advisory board for the Local Authorities' Property Fund has been established to represent the interests of investors and the public sector as a whole. The advisory board will meet quarterly with the manager of the fund, CCLA, to provide guidance and monitor the management and development of the fund.

Ready to invest?

We're delighted you've chosen to invest with CCLA. Get the process underway by downloading our application form.

Whether you are a new investor to CCLA or topping up an existing account, please ensure you read the scheme information and key information document (KID). The KID can help investors understand the nature, risks, costs, potential gains and losses of the fund, and compare the fund with other products. 

Looking for other documents? Click here to visit our client documentation page.

Download all