Best International have launched a new development fund less than two weeks after announcing the $2billion Chinese Investment in Orthios Eco Parks.
The Resort Development Fund, in partnership with The Resort Group was unveiled in the same week that Best International’s Lanner Fund reported exceptional performance results for its shareholders.
The Cheshire based asset management specialists are rapidly establishing themselves as the UK leaders in the alternative investment market, along with an increasingly enviable reputation in the development and management of regulated investment funds.
Following the announcement of the huge investment in the Anglesey power plant last month, Best International revealed the significant rise in their specialist Lanner car park fund, reporting a 69.8% growth in capital value on redemption, in addition to an average annual dividend of over 6.5%.
On Monday, at the Elite Summit in Montreux the Best International team will be presenting the new Resort Development Fund to some of the premier investment managers from a group of international family offices.
The Lanner Fund (a sub fund of Falcon Investment SICAV Plc.), which opened at $1,000 per share, and closed at $1,697.52 per share last month. In addition to the increase in value gained, shareholders also enjoyed an average annual yield payment of 6.5%, a highly successful investment period for shareholders.
Best International’s Co-Founder and Fund Manager of The Falcon Investment Property SICAV Plc, Brad Lincoln, said of the recent fund activity “Given Lanner’s strong performance and the rewards gained by investors, we are excited to be launching this new Fund with The Resort Group plc as part of their rapid growth.”
“Best Funds, a division of Best Asset Management has significantly grown and expanded over the past 5 years. It currently includes four funds, the Saker Fund (UAE), New Lanner Fund (Car Park Portfolio), Merlin Fund (Care Home Fund) and the German Adler Property Fund (German Real Estate).
The new Resort Development Fund is part of the same successful Falcon group of funds managed by Best International. The Fund will focus on acquiring a series of fixed interest corporate bonds and direct property interests in branded resorts and hotels.
The fund just received its regulator’s license today and has already secured capital investment of over £5m. Joining Brad Lincoln at the conference will be Charlie King, Chief Operating Officer and Andrew Scott, Chief Financial Officer for The Resort Group (TRG).
Charlie said “As TRG enter the next phase of its rapid development, we are delighted to have worked with Best International in bringing this investment opportunity to market. It will form a key element of the corporate finance strategy, which will see us pass 6000 hotel rooms under management in partnership with world-renowned brands such as Melia Hotels International and Hilton Worldwide.
“The team at Best International has been exceptional in helping us through the complexity and getting us to this exciting point. We are looking forward to a successful launch in Montreaux.”
The TRG Fund will be listed on the Maltese Stock Exchange.
The Elite Summit is a premium forum bringing top tier partners together. This is an exclusive, invitation only event taking place behind closed doors, the summit offers the independent advisers of wealthy private investors and international fund and asset managers an intimate environment for focused discussion of the key new drivers shaping wealth management asset allocations.
NOTES TO EDITOR:
Best International Group of Companies: The Best International Group of Companies is a leading asset and wealth management group, specialising in a range of products and services. Conceived in 2009 by co-founders Brad Lincoln and Jeff Hankin, the Best International Group of Companies have successfully built key businesses (Greyfriars Asset Management, Best Asset Management, Best Travel Services and Best Onyx) in sectors ranging from Wealth Management, Asset Management, Independent Financial Advice, Funds, Investments, Leisure and Property, Specialist Entrepreneurial Growth Management Services and Travel all under one umbrella.
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