London Credit Fund New Compartment offers even higher returns to investors.
Consulco Capital, a member of the Consulco Group, has announced the creation of a new section of the London Credit Fund investment fund (London Credit Fund New Compartment), which will invest in short-term loans secured by commercial real estate in central London.
As you know, Consulco has been managing real estate, credit and private equity investments in the UK for 12+ years. The London Credit Fund was established by Consulco two years ago, focusing mainly on lending against residential property while offering its investors returns in euros consistently in excess of 4% per annum, while those investing in sterling and dollars benefit from returns in excess of 5 %.
The new alternative investment option of the London Credit Fund is expected to deliver even higher returns ranging between 5%-7% per annum for euro investors and 6%-8% per annum for sterling and dollar investors.
Investors in the new section will benefit from high dividends which will be paid quarterly and secured against commercial and semi-commercial properties in the UK. At the same time, they will enjoy sufficient investment liquidity, since they have the possibility to leave with six months' notice.
Consulco UK credit analysts and UK commercial real estate specialists collaborate in the design, underwriting, structuring, management and collection of sound commercial real estate secured loans under the umbrella of London Credit, a Group finance company that based in London.
As with the existing compartment, the London Credit Fund New Compartment will be managed by KPMG, providing fortnightly unit prices, while Eurobank will act as the fund's custodian. The fund continues to be managed by Consulco Capital, a licensed investment manager supervised by the Cyprus Securities and Exchange Commission.
In his statements, Mr. Michalis Tannoussis, Director of Investment Services at Consulco, expressed his satisfaction with the operation of the London Credit Fund: “Many of the leading provident funds, insurance companies, organizations and families with a large financial surface in Cyprus, have us have trusted and invested in the London Credit Fund over the past two years, benefiting from the stable income and security offered by the UK residential property market.”
“In an environment of global economic uncertainty and high volatility of the capital markets, the London Credit Fund New Compartment comes to cover another part of the market, providing the opportunity to invest in short-term lending secured by commercial real estate in central London. Having a long-term successful course in the investment field, we are sure that the new section of the London Credit Fund will find the same response”, said Mr. Marios Chatzirousos, owner of Consulco Group.
Consulco is a specialist investment manager that structures and manages real estate, credit and private equity investments in London, the UK and Europe as part of the Consulco Group, which was established 30 years ago. The group maintains offices in London, Dubai and Cyprus, with more than 100 professionals structuring and managing investments in the UK and Europe for the benefit of high net worth and institutional investors.
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