A real estate investment fund with the unique opportunity for investors to participate in the preservation of heritage of Curaçao while earning an attractive and stable return.
fund specs
Closed-end real estate investment fund
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NAME
Curaçao Heritage Fund
CATEGORY
Monumental real estate with commercial - mixed use purpose
PROFILE INVESTOR
Public, private & institutional investors (long term fixed income)
FUND MANAGEMENT
CFG Real Estate N.V. (CFGRE)
REGISTERED ADDRESS
Pietermaai 51, Curaçao
LISTING ADVISOR
HBN Law Listing Advisory Services B.V.
MATURITY
May 31, 2023
financing structure
30% equity and 70% secured bonds
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FINANCING STRUCTURE
30% equity / 70% debt
STATUS
closed-end
NET ASSET VALUE (AS OF 31-09-2018) ANG 7,400,000
CURRENCY
ANG
DIVIDEND PAYMENT
Quarterly
return vs risk profile
Low risk and attractive returns
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The Fund’s mission is to invest in income generating real estate portfolio with diverse properties located within the UNESCO World Heritage boundaries of Willemstad, Curaçao. The intention is to structure more of these vehicles as part of a larger platform of funds, while adhering to the main objective of holding commercial real estate with existing and stable income from sustainable long term contracts.
An investment philosophy that suits the relatively conservative appetite and prudent investment policies of pension funds and financial institutions. The risks accompanied with this investment are relatively minimal, due to:
- a low LTV ratio (loan to underlying value)
- a high interest rate coverage ratio
- a high cash flow margin
- already active operations of the properties
CFG Real Estate N.V. ('CFGRE'), the manager of the Curaçao Heritage Fund, has the skill set to pull all current operations of the properties to the next level — increasing profitability & lowering the default risk.
tax benefits
Significant tax
benefits
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Investing in heritage preservation through UNESCO World Heritage properties located in Curaçao can provide significant tax benefits:
- Waiver of Transfer Taxes for the purchase of registered monuments and buildings located in the UNESCO World Heritage Site of greater Willemstad
- Investment Tax Deduction of 30% for any investment in monuments
- Subsidies through Stichting Monumentenfonds for the restoration of monuments
Interested in the potential tax benefits of our investment opportunities? Please contact our management team directly at invest@curacaoheritagefund.com or consult with your own tax advisors with reference to your specific tax situations.
tradability
DCSX listed bonds
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DCSX listed bonds Subscription period for the Curaçao Heritage Fund ended on May 4, 2018. The CHF bonds are listed and publicly traded on the Dutch Caribbean Securities Exchange (DCSX) and offer an annual interest rate of 5% (paid out quarterly).
Interested? Contact our management team at invest@curacaoheritagefund.com or any of the DCSX brokers: Amergeris Global Listing & Exchange Services N.V., Banco di Caribe N.V., Maduro & Curiel’s Bank N.V. or Vidanova Bank N.V..
TRADING STATUS
tradable listing on DCSX
DCSX SYMBOL
CHFU-CW
MARKET CAPITAL
ANG 7,400,000
MATURITY DATE
May 31, 2023
YIELD
5%
FISCAL YEAR END
Dec 31st
LISTING DATE
Jan 31, 2019
LISTING ADVISOR
HBN Law Listing Advisory Services B.V.
REGISTERED ADDRESS
Johan van Walbeeckplein 18