Facebook Linked In Twitter
GAP Vassilopoulos

Ursula von der Leyen: The First Europeans Could Be Vaccinated By The End Of The Year

Petrides: Our Goal Is A Cyprus Settlement And Not Sanctions Against Turkey



brought to you by PWC

Lending And Real Estate: An Ingenious Combination

Lending And Real Estate: An Ingenious Combination

Consulco has recently launched its CySEC-regulated LC London Credit Fund, investing into the UK bridging finance market through its subsidiaries. The aim of the fund is to provide the opportunity to its unit holders to invest in London Property secured loans, guaranteed by prime asset type security. According to Michael Tannousis, Director of Investment Services at Consulco Group, the bridging finance market, which has risen significantly in the last decade, continues its upward trend and is expected to reach £6 billion by the end of 2021.


Consulco has had a strong presence in the UK real estate market and bridging finance for many years. What business activities is Consulco engaging into and what opportunities does the London market offer?

Michael Tannousis: Consulco has indeed been active in the UK since 2009 and Consulco Real Estate’s office in Soho Square is run by a strong team of experienced professionals.


An affiliate lending company, namely London Credit, was formed in 2011 providing bridging loans to UK borrowers and business owners. Since its inception, London Credit has been converting loans granted to UK borrowers into secure investment opportunities for well-informed and professional investors.


The best way to evaluate any company’s strategy is to look at past performance. London Credit’s team’s competence is evident in its track record of the past 9 years. To date, London Credit has granted over 335 loans cumulating in over £100 million and averaging robust net returns to investors of 6% p.a. at an impressive 100% collection rate.


It is important to mention that, in the last ten years, the bridging market has reached £5.6 billion in transactions. Despite perceived uncertainties caused by Brexit and Covid-19, the bridging finance market continues to flourish and is expected to reach £6 billion by the end of 2021.


GOLD: How do investors benefit by investing in Consulco’s investment schemes and what are the key characteristics of your investments?

M.T.: Investors have the opportunity to participate in the UK Finance Sector and London Credit lending business through their investment placement. The loans are granted for a period of up to 5 years and are secured with a legal charge on commercial and residential properties in London. The loans granted are up to 75% of the value of the leveraged property. This, in turn, provides a 25% safety cushion to investors against any decline in the real estate market.  Key UK legislation allows for the leveraged property to be repossessed without a court order, since the properties are not the primary residences of the borrowers. In rare cases of defaults, the London Credit team can repossess the property and complete the sale within a few months. The London real estate market is transparent, mature and very liquid.


GOLD: Describe the essential characteristics of the new London Credit fund.

M.T.: After almost a decade of successfully positioning London Credit in the fast-growing bridging market and to respond to the demand of institutional clients, the investment product was structured into a regulated entity. The LC London Credit AIF V.C.I.C. Public Ltd was incorporated as a private equity open-ended multicurrency alternative investment fund. The fund was approved and is authorised by the Cyprus Securities & Exchange Commission (CySEC). Its aim is to deliver a sustainable income yield to its investors, with low volatility and low correlation to mainstream asset classes.


As a Cyprus regulated fund, it will invest through its subsidiaries into short and medium-term London property secured loans originated, underwritten, structured and serviced by London Credit.


It provides well-informed and professional investors with returns of EUR 4%+, GBP 5%+ and USD 5%+ per annum which are payable quarterly. Investment in the Fund can be effected by investing in any of the six classes of shares denominated in Euro, USD and GBP whereas the minimum investment is €125,000. It requires a minimum lock-up period of one year, concurrent with a six-month redemption notice period, whereby the investors have the opportunity to place their redemption notices on a monthly basis.


The fund is open-ended and has a subscription value of €25 million. The investors will be provided with the Net Asset Value calculations of their investments on a monthly basis and dividends will be distributed quarterly. It is externally managed by Consulco Capital Ltd, an alternative investment fund manager licensed and regulated by CySEC.


GOLD: Consulco works closely with HNWIs and offers wealth management services. What investment trends do you see emerging during this period and where are most HNWIs investing their wealth?

M.T.: As interest rates continue to fall amid the slowdown in economic growth and anticipating that economic uncertainty will continue, an important question for many investors in Cyprus and abroad is where to place their investments in the current environment. We believe that investors should opt to diversify their investment portfolio by focusing on Alternative Investments. Such investments are different from traditional investment vehicles like cash, bonds and stocks. Institutional investors are often asked if alternatives are a good choice and why one should invest in these asset classes. The short answer is: diversification and low asset correlation which brings down the investors’ risk. It is proven that one of the most secure and best understood types of alternatives is real estate and credit secured by real estate.


Despite the current challenges faced by the pandemic, resulting in global economic uncertainty, Consulco continues to deliver stable returns to its investors. The sources of Consulco’s success are many. With headquarters in Cyprus and over 110 employees based in Nicosia, Consulco has global exposure in financial hubs such as London, Dubai and Moscow and is led by a proficient and stable management team. Our resilience is fostered by our strategy ‘Absolute Focus, Zero Compromise’. We look forward to the next years with utmost confidence – not because it is going to be an easy time (it will certainly not be!) but because we are well prepared for what lies ahead.


*The interview appeared in GOLD Magazine October Issue 




Elias Neocleous & Co. LLC Advises Pepperstone On Its CySEC Authorization As CIF

During 2020, Elias Neocleous & Co. LLC advised Pepperstone Group Limited, an ...

EY Cyprus Gold Sponsor At The 6th International Funds Summit

EY Cyprus was a gold sponsor at the 6th International Funds Summit "Global Funds ...

Cyprus Wins In Actual Practise The Trust Of Investment Funds

The 6th International Funds Summit, which was held on November 16-17 in a hybrid manner, ...



Ursula von der Leyen: The First Europeans Could Be Vaccinated By The End Of The Year

European Commission President Ursula von der Leyen said Wednesday that the first European citizens might be vaccinated before the end of December. ...

Petrides: Our Goal Is A Cyprus Settlement And Not Sanctions Against Turkey

Cyprus Defence Minister, Charalambos Petrides, has said that what is sought is a settlement of the Cyprus problem on the basis of the agreed framework and the ...

Investigating State-level Corruption At The 3rd Cyprus Anti-Fraud Conference

Bank of Cyprus is presenting the digital “3rd Cyprus Anti-fraud Conference” on Tuesday, 15 December 2020. This year’s event will welcome a ...

Turnover Of Retail Trade Down In September And In First Nine Months Of 2020

The value and volume of retail trade except of motor vehicles declined in September 2020 and the first nine months of the year, according to provisional ...

HRVP Borrell: The European Union Also On Behalf Of Its Member States Stands By Cyprus

During his deuterology the High Representative noted the tension in some of the MEPs` positions and stressed that he understands the reasons, but clarified ...

Emirates Crowned Best Airline And Best Long-Haul Airline At Leading UK Travel Awards 2020

Emirates has been recognised as the Best Airline for 2020 at The Sun Travel Awards, and the Best Long-Haul Airline at The Times and The Sunday Times Travel ...

Celestyal Cruises Launches Early “Black Friday” Discount Offer And Special “Hero’s Discount”

With the ongoing Covid-19 global pandemic having put travel on pause for many this year –  including those heroes on the frontline of fighting ...

Europe On Way To Recovery, Say Leading Industrialists

The heads of Europe’s greatest industrial corporations have declared the bloc is on its approach to restoration, displaying a pointy rebound in ...