Halcyon Fund Management have launched “ResInvest” which is a property fund for pension investors who would like to participate in the potential recovery of Dublin Residential Property. With a minimum investment amount of €50,000 it also accommodates investors who do not have, or do not want to commit, adequate funds to purchase a property outright. It also suits investors who do not have the time to source, acquire, renovate and let a property.
ResInvest is structured through an Exempt Unit Trust (EUT) which allows all rental income to roll up gross and for the properties to be sold without a Capital Gains Tax liability. The fund will invest in a portfolio of prime residential properties in South Dublin with a particular focus on Dublin 2, 4 and 6. The intention is to purchase a portfolio of houses where rental income can be enhanced by carrying out a modest amount of work over a short space of time and let them for the term of the fund.
We will focus on properties that do not require a significant spend initially but where rents can be maximised with some upgrading. The main objective of the fund is to make a capital gain over the term of the investment which will be over a 5 to 7 year period.
For further information on the fund please get in touch here.