The following terms and conditions of use apply to your use of Channel Islands Property Fund Limited's website (the "Website"). By accessing the Website you agree to comply with, and be bound by, the terms and conditions of use and acknowledge that the Channel Islands Property Fund Limited and Ravenscroft Specialist Fund Management Limited may rely upon your agreement.


I have read and understood the disclaimer set out below. I understand that it may affect my rights and I agree to be bound by its terms. By clicking on the "Agree" button, I confirm that I am permitted to proceed to electronic versions of the materials.

By entering this website I confirm that I am resident in the Channel Islands or the Isle of Man:

Information on the website

The information contained within the Website was prepared and issued by Ravenscroft Specialist Fund Management Limited (“Ravenscroft”) as investment manager to Channel Islands Property Fund Limited (“CIPF”) and is provided solely for reference purposes.

Nothing on this Website is intended to be construed as an offer, invitation or inducement to engage in investment activity, or investment advice or recommendation, in relation to the shares of CIPF, and should not be relied upon as such. The investments and investment services referred to on this Website may not be suitable for all investors. Prospective investors should take advice from their financial or other professional advisers before making any investment decision.

The information contained within the Website is intended to be used only by persons in the UK and the Channel Islands and is designed solely for Professional Clients and Eligible Counterparties (as defined under the rules of the relevant jurisdiction). If you are not a Professional Client or Eligible Counterparty, you should not proceed any further. The content of this Website should not be looked at or distributed to Retail Clients (as defined under the rules of the relevant jurisdiction). Nothing on the Website is directed at any person in any jurisdiction where the publication or availability of such information is prohibited or restricted, or where such distribution, access or use would subject CIPF or Ravenscroft to any registration or licensing requirements within such jurisdiction. In particular nothing on the Website constitutes an offer or solicitation to any person to purchase or subscribe for securities in the United States, Australia, Canada, Japan, the Republic of South Africa, New Zealand or in any jurisdiction in which such offers or sales are unlawful. By proceeding to access this information, users are deemed to have represented and warranted that they are located in the UK or the Channel Islands and that the applicable laws and regulations of their relevant jurisdiction allow them to do so. No information contained on this Website constitutes or would be deemed to constitute an invitation in any jurisdiction to invest or otherwise deal in the shares of the CIPF. This Website contains information that constitutes:

1. a promotion as referred to in the Protection of Investors (Bailiwick of Guernsey) Law, 2020,

2. an advertisement as referred to in the Financial Services (Advertising) (Jersey) Order 2008; and

3. a financial promotion pursuant to the Financial Services and Markets Act 2000.

Ravenscroft is licensed and regulated by the Guernsey Financial Services Commission to conduct controlled investment business. Shares in CIPF may only be promoted in Guernsey by persons regulated by the Guernsey Financial Services Commission as licensees under the Protection of Investors (Bailiwick of Guernsey) Law, 2020. Shares in CIPF may only be promoted in Jersey by persons who are duly regulated by the Jersey Financial Services Commission as registered persons under the Financial Services (Jersey) Law 1998 or persons who are exempt from such a requirement under Jersey law. Access to this Website in the United Kingdom is restricted only to persons who are of a kind to whom CIPF may lawfully be promoted under the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the “Financial Promotion Order”).

This Website is exempt from the restriction on financial promotions in s.21 of the Financial Services and Markets Act 2000 on the grounds that it is being directed only at persons who fall within the categories of persons set out in the Financial Promotion Order, being persons (i) who have professional experience in matters relating to investments and are “Investment Professionals” falling within the definition set out in article 19(5) of the Financial Promotion Order, (ii) who are high net worth entities falling within article 49(2) (a) to (d) of the Financial Promotion Order, or (iii) to whom it may otherwise lawfully be distributed, all such persons being referred to as “Relevant Persons”. This Website must not be acted on or relied on in the United Kingdom by persons who are not Relevant Persons. By accessing this Website, you agree to be bound by the limitations and restrictions set out above.

No Investment Advice

An investment in CIPF is only suitable for investors who have been professionally advised with regard to investment, or other financially sophisticated investors who are capable of evaluating the merits and risks of such an investment, and who have sufficient resources to be able to bear any losses that may arise therefrom (which may be equal to the whole amount invested). The information on the Website does not take account of the investment objectives, financial situation and particular needs of any particular person and is not general advice to any class of persons. Before making any investment decision on the basis of the information or otherwise, investors should consider with the assistance of a financial and/or taxation adviser whether the information is appropriate in light of their particular investment needs, objectives and financial circumstances.

Risk factors

All investment is subject to risk. In particular, the investment performance of CIPF and value of shares (and any income from them) may fall as well as rise; and investors may not get back, on redemption or otherwise the amount originally invested. Past performance is not a guarantee of future performance, and indications of past performance displayed on the Website will not necessarily be repeated in the future.

An investment should be seen as complementary to existing investments in a wide spread of other financial assets and should not form a major part of an investment portfolio. Investors should not consider investing in CIPF unless they already have a diversified investment portfolio. Investment in CIPF should be regarded as long-term in nature. There can be no assurance that an active trading market in CIPF’s shares will develop and be sustained and, if no such market is developed, the price and liquidity of CIPF’s shares will be adversely affected.

Please see CIPF's listing document for a full list of risk warnings as at the date of that listing document. Commercial property values are affected by such factors such as the level of interest rates, economic growth, fluctuation in property yields and tenant default. Although CIPF will be operated so as to minimise such risks, it is possible that an investor will not get back a part of, or any of, his investment in CIPF. There can be no assurance that CIPF will achieve its investment objective, as set out in its listing document.

Prospective investors should inform themselves of any tax consequences particular to their circumstances arising in the jurisdiction in which they are resident or domiciled for tax purposes in connection with the acquisition, ownership, redemption or disposal by them of shares in CIPF. Prospective investors should also be aware that past performance is not a reliable indicator of future results. Investors in CIPF are not eligible for the payment of any compensation under the Collective Investment Schemes (Compensation of Investors) Rules 1988 made under the Protection of Investors (Bailiwick of Guernsey) Law, 2020.

Please be advised that this Website contains information which has been prepared by, and is issued by CIPF’s investment manager, Ravenscroft, and not by CIPF. This Website is intended to provide summary information only and should not be relied upon for the purpose of investment decisions. This Website has not been approved by CIPF or by any regulatory authority or supervisory body. In particular, the Guernsey Financial Services Commission has not reviewed this Website and does not accept any responsibility for the financial soundness or for the correctness of any of the statements made or opinions expressed on this Website.

Whilst the information displayed on the Website has been given in good faith and every effort has been made to ensure its accuracy, the information may not be complete or accurate for your purposes and, to the extent permitted by applicable law and regulation, no undertaking, representation, warranty or other assurance, express or implied, is made or given by or on behalf of CIPF, or Ravenscroft, wholly or partly owned subsidiaries of Ravenscroft or any of their respective directors, officers, partners, employees, agents or advisers or any other person (each a “Ravenscroft Associated Party”) as to the accuracy or completeness of the information or opinions contained in this Website and no responsibility or liability is accepted by any of them for any such information or opinions or for any errors, omissions, misstatements, negligence or otherwise or for any other communication written or otherwise. In addition, in preparing this Website, no Ravenscroft Associated Party undertakes any obligation to up-date or to correct any inaccuracies which may become apparent in it. Notwithstanding the aforesaid, nothing in this paragraph shall exclude liability for any undertaking, representation, warranty or other assurance made fraudulently. Further, the information displayed may be amended by Ravenscroft at any time and without notice and may become outdated. Investors should verify any information or other material obtained from the Website before relying upon it.

Any decision to acquire shares in CIPF should only be made on the basis of CIPF's listing document, other relevant information (including subsequent announcements by CIPF) and appropriate investment advice.

The content of this Website is for information purposes only and does not constitute or form part of any offer or recommendation to buy, subscribe for or exchange any securities nor shall it or any part of it form the basis of or be relied on in connection with or act as any inducement to enter into any contract whatsoever. No reliance may be placed for any purpose whatsoever on the information on this Website or on its completeness, accuracy or fairness. Potential investors are asked to consult CIPF’s listing document and their tax, financial and legal advisers prior to making any investment decision relating to the acquisition of shares in CIPF.

Exclusion of liability

Nothing in these terms and conditions is intended to or does exclude, restrict or modify any condition, warranty or liability which may at any time be implied by statute or any other applicable law where to do so is illegal or would render any provision of an agreement void. Subject to the above qualification, all express or implied conditions or warranties, statutory or otherwise, in respect of the information supplied are expressly negated and excluded.


All intellectual and other proprietary information contained in the Website is the property of Ravenscroft or CIPF. The information contained within the Website must in no circumstances be copied, reproduced or redistributed in whole or in part. You may download or print copies of information contained on the Website for your own use only provided that you do not attempt to change or vary any copyright, trademark or other proprietary notices.

Operation of the Website

There can be and is no guarantee that the Website or the servers that make the Website available will be uninterrupted or error free, free from infection, viruses or worms or other code which may have contaminating or destructive properties. You are fully responsible for ensuring protective steps are taken in respect of your use of the Website such as virus checking and the use of firewalls.

The internet, being an open network, is not secure and should you choose to send any electronic communications by means of the Website, you do so at your own risk. Neither CIPF nor Ravenscroft can guarantee that such communications will not be intercepted or changed or that they will reach the intended recipient safely.

Third party websites

The Website contains links to websites operated by third parties. Neither CIPF nor Ravenscroft are responsible for (or make any representation or warranty as to the accuracy, completeness, timeliness or suitability of) such information, and information on such website is not reviewed or updated by CIPF or Ravenscroft. Any use made of such information is at your own risk. Some of the information contained on the Website may, where indicated, have been provided by third parties and may not have been verified by CIPF or Ravenscroft. No representation or warranty is made or given as to the accuracy, completeness, timeliness or suitability of such information and CIPF and Ravenscroft hereby exclude any and all liability arising out of the provision of such third party information. Any third-party advertising, information and referral buttons containing hyperlinks are not recommendations or endorsements by CIPF or Ravenscroft or their respective directors, affiliates or employees. The user is referred to the relevant third party for all relevant information.

Privacy Policy

Personal information obtained by virtue of your use of the Website will be held pursuant to CIPF's privacy policy.


The Website uses cookies and similar technologies to offer you a better browsing experience, analyse site traffic and personalise content. Continuing to use the Website will imply that you consent to the use of cookies.

You are not required to provide any personal information on the public areas of the Website.

A cookie is a small file which asks permission to be placed on your computer's hard drive. Once you agree, the file is added and the cookie helps analyse web traffic or lets you know when you visit a particular site.

Cookies allow web applications to respond to you as an individual. The web application can tailor its operations to your needs, likes and dislikes by gathering and remembering information about your preferences. These are the types of cookies the Website uses and the purpose they serve:

Cookie Name





Information Collected


2 years

Google Analytics

First-Party Cookie

Used to distinguish users

No personal information. Browsing Statistics.

You can choose to accept or decline cookies. Most web browsers automatically accept cookies, but you can usually modify your browser setting to decline cookies if you prefer. This may prevent you from taking full advantage of the Website.

Governing law

These terms and conditions of use are governed by the laws of the Island of Guernsey and the courts of Guernsey will have exclusive jurisdiction over any disputes arising under them.

Acceptance of terms and conditions of use


By clicking on the "Agree" button you represent, warrant and agree that you:

(1) have read and understood the information set out above,

(2) agree to be bound by its terms,

(3) do not have a registered address in, and are not resident  or located in the United States, Australia, Canada, Japan, the Republic of South Africa, New Zealand  or any other jurisdiction where accessing these materials is unlawful and are not a U.S. Person (as defined in Regulation S of the Securities Act),

(4) if in the UK you are a Relevant Person;

(5) if in the Channel Islands you are a professional investor or eligible counterparty as defined in the rules of the relevant jurisdiction; and

(6) agree that you will not transmit or otherwise send any information contained in this website to any person in the United States, Australia, Canada, Japan, the Republic of South Africa or New Zealand or any other territory where to do so would breach applicable local law or regulation or would require registration or licensing within such jurisdiction.

By entering this website I confirm that I am resident in the Channel Islands or the Isle of Man.

Privacy Policy

This Privacy Notice sets out how your personal data is collected, processed and disclosed in connection with Channel Islands Property Fund Limited (the “Fund”).

We take the privacy and security of your information seriously and will only use such personal information as set out in this Privacy Notice.

The Fund is an entity incorporated in Guernsey and as such it is obliged to comply with the provisions of the Guernsey data protection laws.

This Privacy Notice should be read in conjunction with the Fund’s website terms & conditions, where applicable.


1.1 The Fund collects personal data from investors and prospective investors, intermediaries, service providers and business partners (each a “Relevant Person”) for the purposes of entering into a contract or a service agreement and/or to meet certain legal or regulatory requirements. We also collect limited data from casual browsers of the website [] (the “Website”) as set out under section 3.2 below.

1.2 Your personal information may be provided to the Fund, which will act as a data controller in respect of such personal data, or certain other service providers to the Fund or other third parties the Fund authorises to process data for lawful purposes (the “Processors”). Such Processors will include the Fund’s appointed Administrator and Investment Manager, which have their own privacy notices available on request.

1.3 The Processors may process your personal information or such data in respect of your directors, officers, employees or beneficial owners. If you are a director, employee or consultant of an entity that provides the Fund with personal data on individuals connected to you for any reason in relation to your involvement with the Fund, this will affect those individuals and you should transmit this document to those individuals or otherwise advise them of its content.

1.4 Your personal data may also be collected and processed by us as a result of your professional or family connection with a Relevant Person.


2.1 We collect personal data when you or someone acting on your behalf sends us documentation or corresponds with us by phone, email or otherwise. We may collect additional personal information during the course of your relationship with the Fund. The personal data which we collect, process and retain will vary depending on the nature of that relationship.


3.1 Investors

3.1. 1 In addition to the requirements under law for the Fund to maintain records of its shareholders, we may collect, retain and process personal data (including where appropriate your name, postal address, email address, nationality and national identification numbers, tax status and tax identification numbers, bank account details and any other relevant information that you or your representatives provide to us or that we collect) for:

• complying with anti-money laundering and counter terrorist financing laws and regulations;

• complying with exchange of information laws and regulations;

• the processing and payment of dividends, and associated reporting;

• the issuance of circulars to shareholders; and

• routine correspondence

3.2 Casual Browsers of the Website and administration purposes.

3.2.1 When you browse the Website it may automatically collect the following:

• technical information, including your Internet Protocol (“IP”) address to help diagnose problems with the server, and to administer the Website. An IP address is a number that is assigned to your computer when you use the internet. Your IP address is also used to help identify you during a particular session and to gather broad demographic data; and

• information about your visit including, for analytical purposes, using the Google Analytics service which collects information such as how often and what pages you visit on the Website and what other sites you used prior to coming to the Website.

3.2.2 Google Analytics places a cookie, which is only accessible by Google, on your computer to identify you as a unique user the next time you visit our Website. Google's use of this cookie is governed by their Google Analytics Terms of Service ( and their Google Privacy Policy (

3.2.3 We do not combine the information collected through our use of Google Analytics with any other information which may identify you personally.


4.1 We are entitled to hold and process your personal data on the following lawful grounds:

• the processing is necessary for our legitimate interests, provided your interests and fundamental rights do not override those interests;

• the processing is necessary for us to comply with our contractual duties to you under the terms of any contract which we have with you;

• to comply with our legal and regulatory obligations;

• (on exceptional occasions) where we have obtained your consent; and

• (on rare occasions) where it is needed in the public interest. Some of the grounds for processing described above will overlap and there may be several ground which justify our use of your personal data.

4.2 Inaccurate or Amended Information

4.2.1 Please let us know if any of your personal data (including correspondence details) changes as soon as possible. Failure to provide accurate information or to update changed information may have a detrimental impact upon your shareholding, directorship or consultancy, including the processing of any payment due to you. Failure to provide information where the same is required for anti-money laundering, pursuant to automatic exchange of information agreements, or other legal requirements may mean that any payment due to you cannot be processed.

4.3 Purposes of Processing

4.3.1 We may process, store and use your personal data for the purposes set out below:

a) to reflect your (direct or indirect) shareholding, directorship, employment or consultancy relationship with the Fund or with one of its service providers;

b) to communicate with you as necessary in connection with your affairs and generally in connection with your (direct or indirect) shareholding, directorship, employment or consultancy relationship with the Fund or with one of its service providers;

c) to disclose information to other third parties, such as regulatory authorities and technology providers for the purposes described in this Privacy Notice;

d) to update and maintain records, including to permit, administer and record an investment in the Fund, and to carry out fee calculations;

e) to manage, increase, decrease, terminate, convert or transfer an investment in the Fund;

f) to conduct credit reference checks;

g) to operate the Fund’s IT systems, software and business applications;

h) to support the Fund’s IT and business applications support teams, accounting, legal, reporting, internal audit and risk management, administrative, transfer, document storage, record keeping and other related functions, including but not limited to processing personal data in connection with the Fund;

i) to monitor and record telephone and electronic communications and transactions:

• for quality, business analysis, training and related purposes in order to improve service delivery;

• for investigation and fraud prevention purposes, for crime detection, prevention, investigation and prosecution of any unlawful act (or omission to act); and

• to enforce or defend the Fund’s rights, or through third parties to whom the Fund may delegate such responsibilities or rights in order to comply with a legal or regulatory obligation imposed on it;

j) detecting and preventing crime such as fraud, money laundering, terrorist financing, bribery, corruption, tax evasion and to prevent the provision of financial and other services to persons who may be subject to economic or trade sanction on an ongoing basis (“Regulatory Assessments”);

k) facilitating the internal administration of the Fund by the Processors and retaining your personal data as part of our Regulatory Assessments or future services entered into by you;

l) liaising with or reporting to any regulatory authority (including tax authorities) with whom the Fund is either required to cooperate or report to, or with whom it decides or deems it appropriate to cooperate, in relation to an investment, and which has jurisdiction over the Fund or its investments in a third country without the same or similar data protection laws as Guernsey or any EU member state (a “Third Country without Adequacy”);

m) disclosing your personal data to any bank, financial institution or other third party lender providing any form of facility, loan, finance or other form of credit or guarantee to the Fund;

n) to carry out our obligations to you in connection with your shareholding (direct or indirect), directorship, employment or consultancy with the Fund or with one of its service providers;

o) to discharge our anti-money laundering obligations to verify the identity of the Fund’s shareholders, directors, employees or consultants (or those of its service providers) or for the prevention of fraud or for legal, regulatory or tax reporting purposes or in response to legal requests or requests from regulatory authorities (i.e. where it is necessary for compliance with a legal obligation to which we are subject). In discharging our anti-money laundering obligations we may, in certain circumstances, collect, store and process special categories of data such as information relating to criminal convictions;

p) communicating with our professional advisers for the purposes of obtaining professional advice; and

q) conducting business analytics and diagnostics.

4.3.2 We will only use your personal data for the purposes for which we collected it, unless we reasonably consider that we need to use it for another reason and that reason is compatible with the original purpose. If we need to use your personal data for an unrelated purpose, we will notify you and we will explain the legal basis which allows us to do so.

4.3.3 Please note that we may process your personal data without your knowledge or consent, in compliance with the above rules, where this is required or permitted by law.


5.1 To the extent that such personal data contains special category data such as, for example: data relating to racial or ethnic origin, political opinion, religious or philosophical belief, trade union membership or criminal data then the processing of such data shall solely be for the purpose of complying with any duty imposed on the Fund by an enactment including, but not limited to, legislation and regulatory obligations relating to Anti- Money Laundering and Combatting the Financing of Terrorism and all other related legislation.


6.1 The Fund will not make decisions about you based on automated processing of your personal data.


7.1 The Fund may share your personal data with group companies and third parties (including bank, financial Institution or other third party lenders, IT service providers, auditors and legal professionals) under the terms of any appropriate delegation or contractual arrangement. Those authorised third parties may, in turn, process your personal data abroad and may have to disclose it to foreign authorities to help them in their fight against crime and terrorism.

7.2 Data processing (as described above) may be undertaken by any entity in the Channel Islands, the United Kingdom (“UK”) or the European Economic Area (the "EEA"), an entity which is located outside the Channel Islands, the UK or the EEA in a Third Country without Adequacy.

7.3 Any Third Country without Adequacy to which we transfer your data is legally not deemed in general to provide an adequate level of protection for your personal information. However, to ensure that your personal data receives an adequate level of protection we will put in place the following appropriate measures to ensure that your personal information is treated by those third parties in a way that is consistent with and which respects the EU laws and the laws of the Bailiwick of Guernsey on data protection. Any entity having access to your personal data outside the Channel Islands, the UK or the EEA will be required by binding legal contract to protect and only process your data as though it were in the Channel Islands, the UK or the EEA and subject to the same level of protection as applies in those territories.

7.4 We may share your personal data with other third parties, for example in the context of the possible sale or restructuring of the business.


8.1 Your personal data will be retained for the longest of the following purposes:

a) for the Fund, the Processors and/or any other authorised third parties to carry out the purposes for which the data was collected or as long as is set out in any relevant agreement you enter into with us;

b) in order to establish or defend legal rights or obligations or to satisfy any reporting or accounting obligations;

c) six years following the point from when the business relationship with the Fund has ceased; or

d) any retention period that is required by data protection laws and any applicable laws or regulatory

8.2 We endeavour and require all third parties with access to your personal data, to store such data securely on computer systems and/or manually in accordance with accepted market standards.

4 8.3 Whilst we have taken every reasonable care to ensure the implementation of appropriate technical and security measures, we cannot guarantee the security of your personal data over the internet, via email or via our websites nor do we accept, to the fullest extent permitted by law, any liability for any errors in data transmission, machine, software or operating error or any other cause.


9.1 You have, under certain circumstances, the following rights in respect of personal data:

• Right of access to your personal data (commonly known as a "data subject access request"). This entitles you to ask what data we hold about you and why.

• Right to data portability: right to request the transfer of your personal data to another party.

• Right to rectification of the personal data that we hold about you. This enables you to have any incomplete or inaccurate information we hold about you corrected.

• Right to the restriction of processing of your personal data enabling you to ask us to suspend the processing of personal data about you, for example if you want us to establish its accuracy or the reason for processing it.

• Right to erasure of your personal data, enabling you to ask us to delete or remove personal data where there is no good reason for us continuing to process it. You also have the right to ask us to delete or remove your personal data where you have exercised your right to object to processing.

• Right to object to the processing of your personal data where we are relying on a legitimate interest (or those of a third party) and there is something about your particular situation which makes you want to object to processing on this ground. You also have the right to object where we are processing your personal data for direct marketing purposes or if data were being processed on grounds of public interest or for historical or scientific purposes.

• Right to withdraw consent at any time by contacting us via the contact details below where we have relied on consent to process the personal data.

9.2 You also have the right to lodge a complaint with the Guernsey Data Protection Authority or a supervisory authority in the EU member state of your usual residence or place of work or of the place of the alleged breach if you consider that the processing of your personal data carried out by the Fund or any other service provider to the Fund has breached data protection laws.

9.3 In limited circumstances we may approach you for your written consent to allow us to process certain particularly sensitive data or to use data for another purpose. Where you may have provided your consent to the collection, processing and transfer of your personal data for a specific purpose, you have the right to withdraw your consent for that specific processing at any time. To withdraw your consent, please contact us at the contact details below. Once we have received notification that you have withdrawn your consent, we will no longer process your information for the purpose or purposes you originally agreed to, unless we have another legitimate basis for doing so in law.


10.1 If you have any questions about our use of your personal data, our retention procedures or our security processes, please contact the Fund’s Administrator:


Telephone: +44 (0) 1481 749700


11.1 This Privacy Notice is dated 15 December 2021. We reserve the right to amend this Privacy Notice at any time without notice, in which case the date of the Privacy Notice will be revised.