Consulco, the investment manager with offices in London, Dubai, Moscow and Nicosia established its newest office in Limassol. The office is centrally located at 18 Evagora Papachristoforou Street, off Makarios Avenue near the town’s municipal park. The firm’s Limassol operations are managed by Christos Hadjisotiris and Evangelia Kapnistou, both Limassol bred professionals with considerable experience in the financial and investment sectors.
Marios Hadjiroussos, the Consulco’s CEO commented “Limassol is an important office location for Consulco as it enables the firm to provide a wider coverage and a better level of service to all the Cypriot and expatriate investment communities living on the island”.
Consulco structures investments in London and Europe for high-net-worth families and professional investors. In 2021 Consulco has launched its London Credit Fund that targets 4 % per annum for its euro unitholders and 5% per annum for its dollar and sterling unitholders, payable quarterly. The London Credit Fund, duly licensed as an Alternative Investment Fund (‘‘AIF’’), is very popular with both high-net-worth individuals and institutional investors including pension and provident funds, insurance companies and banks. The reasons for the fund’s popularity with investors are that the fund provides regular income every quarter to its investors, its underlying investments are asset secured with London real estate and the notice to exit the fund is only 6 months.
Consulco will launch its new UK Value Add real estate fund, namely the ‘‘Three Lions Real Estate Fund’’ in the first quarter of 2022. The fund will have a 7 % annual target net return to its investors and will be investing in London, Oxford and Cambridge real estate. Consulco’s London real estate net investment return to its investors has averaged 8.1 % per annum for the last 11 years as ascertained by MSCI, the leading global market index provider for the investment community.
"Limassol is a vital location for our activities. The city's extensive number of Cypriots and foreign clients, as well as prospects, works as a strong base for the expansion of our services through our professionals in the field. Our London Credit Fund and our, soon-to-be-launched, Three Lions Real Estate Fund are two strong products for the investment base in Limassol, who are searching more and more for alternative investment options in the current economic and investment environment" says Dmitry Khenkin, Director and of Consulco Group.