CMC seeks investors for €100m syndicate
CMC Capital, which recently spent more than €130 million on commercial property in Germany, is now seeking to raise another €20 million in investor equity for a new property syndicate which will again hunt out investment properties in Germany.
The minimum investment in the new syndicate will be €100,000 with increased investments in increments of €10,000 allowed. Non-recourse finance of 80 per cent will then be targeted, gearing the fund to around €100 million.
The syndicate is expected to run for a period of seven-and-a-half years and the promoters state that the projected rate of return on the investment is 27 per cent per annum before tax and net of fees.
Investors can also opt to...
Subscribe from just €1 for the first month!
Exclusive offers:
All Digital Access + eReader
Trial
€1
Unlimited Access for 1 Month
*New subscribers only
Annual
€200
€149 For the 1st Year
Unlimited Access for 1 Year
Quarterly
€55
€42
90 Day Pass
2 Yearly
€315
€248
Unlimited Access for 2 Years
Team Pass
Get a Business Account for you and your team
Related Stories
The year in review
The best writing and and the biggest stories of 2019 from the Business Post
Newsround: What Thursday’s papers say
Denis O’Brien is back in court, residents continue to fight the Council on halting site and a row surfaces in government over rent control proposals
More cycle routes, expansion of Luas to Bray and new bus network proposed
Greater Dublin Area draft Transport Strategy published
