Twitter Facebook Linked In Youtube Pinterest Sign up

The Resort Group launches new product for overseas investors

Wednesday 27th January 2016

Property development firm The Resort Group (TRG) has introduced a new product for overseas investors.
 
755 Property Options offers investors the opportunity to purchase a property – either outright or as a fractional investment  - at one of TRG's Cape Verde resort developments. 
 
TRG says that the product – which comes with a structured exit strategy – offers long-term guaranteed returns for new investors. 
 
Investors will benefit from the developer’s off-plan incentive of 7% per annum during a resort’s construction phase, meaning they can start earning immediately. 
 
They will also receive a minimum of 5% net rental yield once the resort has opened and, should they wish to exit, be given the option for TRG to resell the property on their behalf after five years. 
 
“We’ve launched 755 Property Options in response to an increasing number of clients wanting a more secure and flexible overseas property investment product,” says Rich Moore, TRG's UK Sales Director. 
 
“We have specifically addressed two of the main obstacles investors typically associate with buying an overseas property; unpredictable occupancy levels and an exit strategy.” 
 
“We already pay a consistent rate of return via our established rental programme, but this new minimum guarantee offers more comfort to investors over the long term, and the resale option also delivers them greater flexibility should they wish to ‘cash-in’ their investment,” he adds.
 
TRG currently has two completed resorts in Cape Verde,  MELIÃ Tortuga Beach Resort – which opened in 2011 – and MELIÃ Dunas Beach Resort & Spa – which opened in 2014.
 
Investors at both resorts receive average quarterly returns of 5.5% net, according to TRG.
 
A further three major developments from The Resort Group are under construction, and the firm recently reported that it has broken ground on its first resort on the island of Boa Vista, White Sands Hotel & Spa. 


comments powered by Disqus
Feedback:
If you have any questions or suggestions about this article or our news section, please do not hesitate to contact us.

Editorial Contact Details - Conor Shilling
conor.shilling@angelsmedia.co.uk
0845 672 6000
Related News Stories
Most Read News Stories