SOURCE: Krono Partners PLC
LONDON, UNITED KINGDOM--(Marketwired - Feb 24, 2014) - Krono Partners Plc announces a 14.81% yield from its February Micro Loan Program. The Company has demonstrated a resounding comeback from a modest 4.29% yield reported to Bondholders in its January Newsletter.
When asked to comment on this success in light of a slower start to the year, Mr Rosenschein explained that "the vast majority of active loans were set to come back midway through February and into March, so the January result was in no way unexpected." With the final results for the February Micro Loan Program scheduled to be announced to Bondholders at the beginning of March, the Company looks poised to lock in another successful month.
In the Distressed Asset arena, the Company has this month invested into a distressed property portfolio in Denmark, via its SPV. Having forged a partnership with an established Danish developer, the investment scope is to further refurbish the properties, of which there are three, in order to reach the highest fair market value in terms of monthly rental income. The Company will be publishing specific details regarding this venture, alongside the launch of their new website, due to go live early next month.
The Company also looks forward to the imminent announcement of its latest investment into a start-up property venture, spearheaded by a globally renowned brand. Having already disclosed the preliminary details of the investment to its Bondholders in its January Newsletter, the Company expects the Brand to make its own global press release, within the coming fortnight. It is believed that such an announcement stands to greatly reinforce the Bond's current popularity amongst investors, with 39 new investments made into the Company since December last year.
Krono's core team of management and advisors provides the necessary resources to unlock and fully realise the potential of Distressed Assets. The team comprises experienced industry professionals with years of relevant hands-on experience within the real estate sector. Krono specialises in the full spectrum of services necessary to support such Distressed Assets and enterprises. We provide operational management and legal support to optimise on-going business and provide the necessary know-how to manage the subsequent sale or liquidation of assets.
For more information about the Company, please visit www.kronopartners.com or contact Krono directly on:
Disclaimer - forward-looking statements
This Krono Partners Plc communication contains certain statements regarding future events that express the beliefs and expectations of management. Such statements are based on current expectations, estimates and forecasts on the part of company management and imply various known and unknown risks and uncertainties, which may result in actual earnings, the financial situation, growth or performance to be different from the estimates expressed or implied in the forward-looking statements. The information contained herein is not intended to act as advice or a solicitation for business and should not be construed as such.