Bulletin
The Resort Group PLC announces sales figures 28/04/2008
The Resort Group PLC is delighted to announce excellent sales figures for this year in spite of the current turmoil in the financial markets. So far this year The Resort Group PLC has sold 73% of its Tortuga Beach Resort and 39% of its Dunas Beach Resort. This brings the total number of units sold on both the Tortuga and Dunas developments to well over 500. A combined total of 50% of properties have been sold on TortugaBeach and DunasBeach to date. Rob Jarrett, chairman of The Resort Group PLC, said: “Between the launch of The Resort Group International Property Fund in January and now we have sold over 200 properties. We believe that we have an excellent investment product and these fantastic sales figures show that the wider investment community appears to agree with us. While there is obvious turmoil in markets all over the World our sales show that people are still willing to invest in high quality, high return products such as these.” This announcement comes just a few months after The Resort Group PLC launched a Fund offering experienced investors the opportunity to invest in these beach-front resorts and leisure complexes in the developing property hot spot of Cape Verde.
European Pensions Management (EPM) appoints Mainland for PR support 28/04/2008
Mainland is happy to announce that it is now working on behalf of European Pensions Management (EPM). EPM is a provider of SIPPs and has been running since 2001. EPM also introduced SIPPs for Kids and the Family Group SIPP to the market. On 12th June 2007 EPM became a Trustee Corporation and launched its Trustee Consolidation Service (TCS) and Trust services. The TCS is an aggregation service which combines the holdings of private individuals. EPM is able to act as Trustee Corporation for a wide range of trusts and can take over trusts from the Public Trustee to provide a more personal service. EPM currently manages over 3,000 SIPPs on behalf of its clients. For more information please contact Zoe Butt or Melanie Bradley on 020 3008 7400.
e.surv comment on the housing market in the North of England 28/04/2008
e.surv Chartered Surveyors, the UK’s largest distributor of valuation instructions, comments on the housing market in London. Richard Sexton, director of business development, said: “In Yorkshire the market has continued its slowdown with only one week of upturn at the end of January.There is activity in the market place with buyers actually having their offers accepted but there is also an increase in the numbers of re-possessions, which may depress prices. While in the North East and North West January and February 2008 mirrored the end of 2007, with minor price falls and reduced year on year market activity. Spring may be just around the corner but the housing market does not appear to be ready to spring into action, though most agents are reporting some minor increases in instructions and viewing numbers. The consensus view seems to be ‘roll on the summer’, with a hope that better weather and any improvement in the ‘feel good factor’ will translate into mortgage and property transactions. ”
e.surv comments on the 'housing crash' 21/04/2008
e.surv Chartered Surveyors, the UK’s largest distributor of valuation instructions, comments on the ‘housing crash’. Richard Sexton, director of business development, said: “As suggested by the recent RICS Survey, the property market is indeed experiencing a set of conditions which it has not encountered for some time. However, whilst national surveyors are of interest, consumers need to understand what is occurring in their own locality (often areas as small as 1 or 2 square miles) if they are to make prudent decisions in respect of buying or selling a property. The National figures disguise a varied pattern of price movements, some of which remain positive. Undoubtedly, transaction numbers are down, perhaps by as much as 50%, but this is a different metric from the change in house prices, which remain relatively modest in either direction at this time. e.surv therefore still does not foresee a ‘housing crash’.”
Tri Investments strengthens sales team 21/04/2008
Tri Investments, the specialist investment boutique, has appointed Nick Melluish to support the current sales team. Nick will support Tri’s sales managers Matthew Steiner and Gavin Oakley in looking after clients investing in the Tri European Real Estate Opportunity Fund and the Tri European Residential Property Fund. Nick will also be helping support the launch of Tri’s Asian Real Estate Fund. Nick joins Tri Investments from BlackRock Merrill Lynch Investment Managers where he has been a member of the Investor Services Team since 2005. Nick also has invaluable experience working with Jupiter Asset Management and JO Hambro Investment Management. Chris Finch, CEO of TRI Investments said: “As a growing business we are continually looking for ways to strengthen our team with quality individuals. With the success of our European Property Funds, I am delighted to welcome Nick to TRI Investments; he will be a great asset and will provide fantastic su pport for our clients.”
