Via the Eddie Hobbs Rocket:
Brendan Investments Property Management Limited (BIPM) is in a position to organise direct investment in residential investment units, both new and refurbished buildings in Dresden. Known as the “Florence on the Elbe”, Dresden has become the economic centre of Eastern Germany. There is substantial industrial movement within the German market itself towards Dresden and it is also benefiting from tourist growth given the redevelopment of its historic city centre. The population of Dresden is also increasing.
Loan to value of 80% is available through the package arranged by BIPM allowing purchases to take place on the basis of 20% equity down as cash. Capital appreciation has been in the region of 6% to 8% and price growth is likely to continue over the next number of years as rental yields compress.
A complete package is available covering legal costs, notary fees, etc., through BIPM, simplifying the whole process for you.
If you wish to explore building a portfolio of residential investment units in Dresden please send us an email and we will introduce you to Hugh O’Neill, ACA, who is fulltime in Germany as a fulltime director of BIPM. Alternatively, you can email Hugh directly now at firstname.lastname@example.org.
Brendan Investments Property Management Limited will receive 1% of the gross asset value of the property purchased by Brendan Investments Pan European Property plc for the management of the property and development portfolio.
Still with me? So, the Brendan Investments Property Management Limited, in which Irish consumers were not invited to invest in, is now branching out into flogging residential property to these same Irish consumers.
Any profits made by Brendan Investments Property Management Limited will not accrue to the investors in Brendan Investments Pan European Property plc.
The question becomes: where will the focus of Brendan Investments Property Management Limited actually be? Will it be on managing the Brendan Investments property to best maximise returns, or will it be focused on selling residential property to further enrich the promoters behind Brendan? And, I’m guessing it was, but how much information on this diversification in the tied property management company was provided in the original prospectus?
It all seems very Treasury Holdings / CREO / REO to me.