The Walls & Futures London Growth Fund, a prime central London residential property fund, has been accepted by 13 self-invested personal pension providers.

The providers include A J Bell Platinum Sipp, Sippcentre, Sippdeal, Skandia, Standard Life, Sippchoice, Hornbuckle, Intelligent Money, Westerby, Curtis Banks, Harsant, DA Phillips and Wealthtime.

The fund is a UK domiciled closed ended Scottish Limited Partnership with a life of five years. Minimum investment stands at GBP25,000 with a target return of 10.49 per cent IRR, capitalising on the recovery of the central London property market.

Returns will be generated by investing in properties in the Royal Borough of Kensington & Chelsea, Hammersmith & Fulham, Wandsworth and Merton. These will be refurbished or redeveloped and let to young professionals, providing rental income and capital growth.

Walls & Futures, the asset manager, will co-invest alongside investors.

Joe McTaggart, Walls & Futures managing director, says: “Investors are now looking to re-enter the buy to let market, especially in London. Many however are put off by the large deposits now required and hassle of managing a portfolio. With a minimum investment of GBP25,000, the London Growth Fund is an affordable and hassle free way of investing in prime central London. The acceptance by Sipp providers enables investors to use their pensions to invest in residential property. They also benefit from the tax relief of up to 40 per cent of the investment, which effectively reduces the cost of investing in the Walls & Futures London Growth Fund.”