Cyprus, October 2021 – Consulco successfully hosted three Proper English Breakfast events, which took place on October 19th, 20th and 21st in Radisson Blu Hotel in Larnaca, Hilton Hotel in Nicosia and Amathus Hotel in Limassol respectively. During these events we presented and discussed the updates on the UK market and UK real estate, and the current state of affairs as they have been set after Brexit and the pandemic.
We are proud that we managed to bring our Proper English Breakfast to three different locations during October, for the first time after the Covid-19 pandemic. The events were held in compliance with all the public health regulations in force at the time, based on developments regarding Covid-19.
The events’ speakers included Ms. Fiona Mullen, Director of Sapienta Economics, who explored and presented the current state of the UK Economy and its recovery prospects from Brexit and the pandemic. From Ms. Mullen’s analysis, who has been providing economic and political analysis and research to an international audience for over 20 years now, it was proven that UK’s growth is set to stay positive as it steadily reaches pre-pandemic levels while, also, residential property prices continue to remain resilient to all shocks.
Our second speaker, Mr. David King, Property Investment Director of Consulco Real Estate in London, covered the London property market outlook, reflecting on the recent developments, and also the trends that might arise in the foreseeable future. Through his presentation, it was made clear that demand on London’s office, retail and residential markets is already returning, and will likely surpass, pre-covid levels, while, at the same time, interest rates, rents for prime assets and the appetite for London real estate are expected to rise.
Last but not least, our very own Mr. Michael Tannousis, Director of Investment Services at Consulco Group, after an overview of the UK economy, favorable legislation and the stability of the London real estate market, closed the events by presenting our London Credit Fund, a unique alternative London property-secured investment opportunity.
Our events were attended by executives from all the major corporations of the Cyprus investment and business community. They were given the chance to learn more regarding the current landscape of UK economy and UK real estate and, also, hear first hand London Credit Fund’s results and achievements during the third quarter of 2021, as well as learn more about the product and the opportunity it offers. Consulco proudly announced during the events that the returns of the London Credit Fund have exceeded their annual target returns in both the € and £ classes of shares, with annualized returns of 4.09% and 5.03% accordingly during Q3 2021.