Consulco Capital, a member of the Consulco Group, has announced the creation of a new fund compartment within its subsidiary London Credit Fund (London Credit Fund New Compartment), with the aim of providing loans secured against commercial property in central London.

Consulco has been managing investments in real estate, credit, and private equity in the United Kingdom for over 12 years. The London Credit Fund was established by Consulco two years ago, primarily focusing on loans secured against residential properties and consistently offering its euro investors returns exceeding 4% annually, with Pound Sterling and US dollar investors enjoying returns of over 5% per annum.

The London Credit Fund New Compartment is expected to offer even higher returns, of over 5% annually for investors in euro and 6% annually for investors in sterling and dollar.

Investors of the new compartment will benefit from the stable income of the mutual fund, paid quarterly, and will be secured against commercial and semi-commercial properties in the United Kingdom. Additionally, they will have ample investment liquidity, as they will be provided with the option to disinvest with a six-month notice.

Consulco UK’s Credit analysts and experts in the field of commercial real estate collaborate in the planning, securing, structuring, managing, and collection of performing loans linked with commercial properties, under the umbrella of the London Credit Fund New Compartment.

The fund administration of the new compartment of the London Credit Fund will be conducted by KPMG, providing fund unit prices every two weeks, while Eurobank will act as the fund's custodian bank. The fund will be managed by Consulco Capital, a fund manager, licensed and supervised by the Cyprus Securities and Exchange Commission.

In a statement, Mr. Marios Hajiroussos, director of Consulco Group, expressed his satisfaction over the operation of the London Credit Fund: "Many of Cyprus’ leading provident funds, insurance companies, organizations, and high-net-worth families have 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, especially in a global environment characterized by low deposit rates and high capital market volatility. The London Credit Fund New Compartment aims to cover another segment of the market, focusing on providing loans secured against commercial properties in central London. We are confident that the new division of the London Credit Fund will also be positively received by our clients," Mr. Hajiroussos stated.

Consulco is a specialist investment manager structuring and managing real estate, credit and private equity investments in London, Britain and Europe as part of the Consulco Group established 30 years ago. The group maintains fully fledged 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 individuals and institutional investors.