Altmore Group has today announced that it will introduce a property bond starting in May for a three million raise. Investors can expect to set a return of up to 10% per annum. Altmore Group’s bond will have options for Sterling and Euro and offer terms ranging from two to five years. Security is set to be high with a capital protection option arranged by FMP Insurance Services who have enlisted a panel of top insurers including some of the top household names. Bond investors also have a charge over the assets which has been arranged by a leading security trustee.

Altmore Group’s decision to increase leverage via the bond is due to a positive property market in Northern Ireland. Last year, Northern Ireland saw the strongest growth out of all UK countries in 2017 with growth of 6% according to Royal Institute of Chartered Surveyors (RICS). The Office for National Statistics has also confirmed that house prices are up 6% at an average of £132,000.

Property investment transactions in Norther Ireland rose by 25% in the year, compared to Savills. This represents a huge turnaround compared to a decline of 50% between 2015 and 2016. However, these figure are distorted by the £123 Million purchase of Castlecourt shopping centre in Belfast.

Gartner Wealth have been instructed to sign off the bond by Altmore Group. Gartner Wealth is an FCA regulated institution based out of London who run a number of leading hedge funds. Altmore Group approached Gartner Wealth due to their established business model that has been rolled on one of their own London property funds which operates out of the British Virgin Islands.