Recent changes to UK taxation and regulations affecting residential buy-to-lets have added a great deal of attraction to commercial property investment, and the Iris Fund aims to take advantage of this opportunity for the benefit of our clients and investors.
The purpose of the Fund is to give investors exposure to an array of exciting property opportunities, whilst at the same time protecting them from the risks associated with individual projects.
We hope this opportunity will appeal not only to those for whom commercial property investment was previously out of reach, but also those who have reservations about taking on such projects alone.
The Iris Growth Fund is being promoted by Helix Capital Services, a new company whose directors have a proven track record in delivering market-beating returns in London property for more than ten years.
Through the Iris Growth Fund, Helix Capital Services will target properties with a variety of angles for adding value, including development, planning gains, lease re-gearing and asset repositioning.
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TYPE OF FUND |
Open Ended, Real Estate Investment Fund, to be regulated under the AIF rules of the Cyprus Security and Exchange Commission |
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MINIMUM INVESTMENT |
€125,000 |
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LOCK-IN PERIOD |
3 years |
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TARGET GROWTH |
7% per annum net |
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MANAGEMENT FEE |
1% of net assets under management |
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PERFORMANCE FEE |
10% of growth over and above 7% year on year |
STATEMENT FOR CERTIFIED HIGH NET WORTH INDIVIDUAL
I declare that I am a certified high net worth individual for the purposes of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005.
I understand that this means:
(a) I can receive financial promotions that may not have been approved by a person authorised by the Financial Conduct Authority;
(b) the content of such financial promotions may not conform to rules issued by the Financial Conduct Authority;
(c) by signing this statement I may lose significant rights;
(d) I may have no right to complain to either of the following:
(i) the Financial Conduct Authority; or
(ii) the Financial Ombudsman Scheme;
(e) I may have no right to seek compensation from the Financial Services Compensation Scheme.
I am a certified high net worth individual because at least one of the following applies:
(a) I had, during the financial year immediately preceding the date below, an annual income to the value of £100,000 or more;
(b) I held, throughout the financial year immediately preceding the date below, net assets to the value of £250,000 or more. Net assets for these purposes do not include:
(i) the property which is my primary residence or any loan secured on that residence;
(ii) any rights of mine under a qualifying contract of insurance within the meaning of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001; or
(iii) any benefits (in the form of pensions or otherwise) which are payable on the termination of my service or on my death or retirement and to which I am (or my dependants are), or may be, entitled.
I accept that I can lose my property and other assets from making investment decisions based on financial promotions.
I am aware that it is open to me to seek advice from someone who specialises in advising on investments.
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