Consulco’s London Credit Fund: Existing and new investment opportunities

Consulco Group was established 30 years ago and has offices in London, Dubai, Nicosia and Limassol

Consulco, through its London-based lending subsidiary, namely London Credit, has been successfully providing London property loans for the last 12 years. In a recent statement, Consulco CEO Marios Hajiroussos expressed his satisfaction over London Credit’s performance: “We are very pleased to announce that we have finally broken the £200 million lending barrier – a very important milestone for our lending operations and that we are currently expanding our London lending teams to facilitate further growth.”

About two years ago Consulco launched its first CySec-regulated London Credit sub-fund focusing primarily on London residential property lending and has been producing yields consistently exceeding 4 per cent p.a. for its high-net-worth and institutional euro investors and exceeding 5 per cent p.a. for its sterling and dollar investors.

Many of Cyprus’ leading provident funds, insurance companies, companies and high-net-worth families have invested more than €40 million in the London Credit Fund over the past two years. “Our clients appreciate and enjoy the London Credit Fund ‘s steady income and the underlying security offered by UK property especially in the current global environment of high volatility of capital markets and economic uncertainty”, commented Michael Tannousis, Director of Investment Services at Consulco.

Consulco’s London Credit Fund has now launched its second sub-fund, this time focusing on UK commercial property lending that aims to produce between 5-7 per cent p.a. for its euro investors and 6-8 per cent p.a. for its sterling and dollar investors. Investors in the new sub-fund will benefit from its steady income payable every quarter, secured against prime UK property and enjoying adequate investment Liquidity since they can disinvest with a six-month notice.

“Our teams have in-depth knowledge of both bridging lending and the UK commercial property market, which ensures that we consistently source, underwrite and structure high quality UK commercial property-secured loans for the benefit of our fund investors”, said Marios Theophanous, Credit Manager at Consulco’s London Credit.

The fund administration of the new sub-fund is carried out by KPMG, providing fund unit prices to the fund investors every two weeks, while Eurobank acts as the fund’s custodian bank. The fund is managed by Consulco Capital, licensed and supervised by the Cyprus Securities Exchange Commission.

To learn more about Consulco’s latest developments and investment opportunities, follow this link to watch a recording of a recent seminar.