TO DISCUSS YOUR PROJECT OR LEARN MORE ABOUT OUR SERVICES:

  • This field is for validation purposes and should be left unchanged.

New Luxury Property Fund Aiming At Residential Market

Category: Real estate, Posted:04 Jan 2012 | 06:00 am

We've picked up a story about the Allure Properties Diamond Fund which is an alternative lifestyle fund aimed at luxury residences.
Reading through the collateral the fund is looking to acquire a minimum of six properties in locations ranging from Phuket, London, Queenstown, Fiji, the South of France and Colorado.
Looking at the details it's a closed ended fund for eight years with a termination based proceed distribution on sale.
In more simple terms the fund is hedging on a powerful Australian currency and favorable market conditions to hopefully buy low and sell high.
Usage is a perk with 14 days annually and at other times the properties would be rented out. Supposedly this would cover fund management and carrying costs.
The promoter of the fund is Australian Jo Perrott who's father Michael is a well known entrepreneur.
It's the intention of the fund to raise USD20 million with units priced at USD250,000.
There are numerous reports in the Australian business press about the Perrott family and both successful and challenged investment vehicles.
Looking at the fund collateral online, photos of a generic west coast ocean villa are shown.
We are seeing a sharp rise in equity and alternative investments on the island again after a period of inactivity triggered by the GFC a few years ago.

Other News

Read more

Inside the Numbers. The Potential of a Phuket Property Bubble

Category: , Posted:13 Apr 2024 | 13:12 pm One of the most common questions I am asked these days is about a potential Phuket real estate bubble. While it’s a popular buzz term, so many who ask the question don’t understand what a bubble is. The most notable real estate bubble in recent history was the subprime housing crisis in the United States […]
Read more

New Phuket Marina Opening Before Year-end

Category: , Posted:12 Apr 2024 | 15:03 pm A new marina on the island’s East Coast in Ao Makham named ONE° 15  Marina Panwa Phuket will open in the fourth quarter of the year. Developed by Singapore’s SUTL Enterprise along with Thailand’s Numchai Ocean Transport Company, the facility will accommodate yachts up to 120 feet in length. SUTL, led by Singaporean Arthur Tay […]
Read more

Thai Prime Minister Eyes Koh Samui Infrastructure Projects

Category: , Posted:11 Apr 2024 | 07:51 am Thailand’s Prime Minster Srettha Thavisin’s trip to the resort island of Koh Samu focused on two  infrastructure projects. First, is the ongoing issue of expanding the island’s gateway airport, with a new feasibility study currently underway and to be completed by year-end for possible expansion. Bangkok Airways who operate the airport is reportedly undertaking further […]
SiaJai logo

Thailand's Leading Homecare Marketplace