The three properties are in Milton Keynes and mark an expansion of the Luxembourg domiciled fund’s footprint across the UK, with initial activity focused on the North West of the country.
John Greenwood, chief executive at Creechurch Advisory Services, which is master distributer to Castel, said: “The positive reception of Castel by the market has far surpassed our initial expectations. We are confident we have a robust proven model and we have embarked on a series of seminars in international investment centres to deliver the message.
“The access to property market exposure and secure index-linked returns is attractive to investors and complementary in the current investment landscape. In addition, the unique approach adds levels of liquidity that are not usually possible with this asset class.”
The Castel Property Fund was launched in February and invests in properties leased into the supported accommodation sector through a charity.