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Sparta buys in Soho
We are pleased to announce that Consulco Real Estate, our London based affiliated firm of the Consulco Group, has completed the acquisition of another property in Soho, 4 D’Arblay Street. The ground floor and basement retail unit is let to celebrity tailor, Sir Tom Baker, whilst the three upper floors comprise offices which are expected to be let shortly.
The property is located close to Tottenham Court Road station, which provides access to the Central and Northern underground lines. Tottenham Court Road station will shortly open to the Crossrail line that will connect Soho wit Heathrow in the west and the City and Canary Wharf in the east. We expect that visitor numbers to Soho will rise, driving rental value growth.
Consulco Real Estate has acquired this property for its syndicated investment fund, Sparta Capital Properties Ltd, which has recently secured a £10 million funding facility from a Cyprus based bank.
Sparta has a seven year investment horizon and will invest in central London, commercial real estate properties, taking advantage of acquisition opportunities available because of the Brexit uncertainty. It is currently open to investors with a minimum placement investment of £125,000.
Sparta follows on from the success of Hermes Properties Ltd. Hermes was launched in 2010 and took advantage of acquisition opportunities in the distressed property market conditions caused by the global financial crisis. Hermes return was boosted by the subsequent market recovery as well as active asset management and has produced annual returns of 30 % per annum for the last six years for its participating investors.
David King, Director of Consulco Real Estate Ltd, said
"We are delighted to have secured this property for our investors. It balances the previous acquisitions and takes us back in to one of our preferred locations."
Marios Hajiroussos, the person in charge of managing the Consulco Group and its business development since 1993, commented
"Following the success of our Hermes syndicate which has produced annualized returns of 30% since 2011, we hope new and existing clients will join us in investing in this promising portfolio."
For more information please contact us at email@example.com
Consulco is an independent trust services and investment management group operating since 1993 and managed by Marios Hajiroussos, Dmitry Khenkin and Elena Hajiroussou.
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This material is for information purposes only, it is subject to change without notice and it is not directed to any person in any jurisdiction where the publication or availability of the information contained herein is prohibited. It is not and should not be regarded as investment advice or as a recommendation for the holding, purchasing or selling of securities or other financial products or instruments and it does not take into account your specific circumstances or objectives. You are cautioned to make your own independent decision based on your own judgment and/or consult your advisors on the merits of the course of action you are considering taking, after evaluating all the risks pertaining to that course of action in conjunction with your financial situation and needs. While due care has been used in the preparation of any forward looking statements contained in this material, you should not place undue reliance on them as forecasts are subject to uncertainties outside our control, thus actual results may vary in a negative manner. Examples illustrated in this material are hypothetical, and although our track record may be disclosed, you must always take into account that past performance is not a reliable indication of future performance. Returns linked to currencies may increase or decrease as a result of currency fluctuations.
Consulco refers to one or more of Consulco Limited, a Cyprus limited liability company with registration number 58332, its network of member firms, and their related entities. Consulco Limited and each of its member firms are legally separate and independent entities. Information relating to the Consulco Group is available at www.consulco.com . As stated here above, you should consult your advisors before taking any action that may affect your financial situation. No entity in the Consulco Group shall be responsible for any loss whatsoever sustained by any person who relies solely on this material, such reliance being expressly discouraged.