Rocksure launches London and Manhattan funds
11th August 2014
Rocksure has announced the launch of its dedicated London and Manhattan shared equity ownership portfolio funds.
Prices start from £245,000 (London) or $350,000 (Manhattan) to secure equity ownership of luxury apartments coupled with the opportunity to use them at times of choosing for an average of 18 and 21 nights each year (respectively), during the 10-year life of the fund.
The first 10 founder investors in each fund receive a discount of £10,000 (London) or $15,000 (Manhattan) on the subscription price.
The London Fund will comprise 64 full units of investment and The Manhattan Fund 60, and both will purchase four two-bedroom, two-bathroom apartments in areas such as Kensington, Chelsea and Westminster in London, and in Midtown, Upper East Side and Lower Manhattan in New York. All will be furnished, professionally managed, offer a maid service, and provide access to a dedicated concierge service.
Annual usage will be an average of 18 nights for a full unit in The London Fund and 21 nights in The Manhattan Fund with multiple, half and three-quarter units also available. As well as enjoying the properties themselves, owners may also lend their apartments to family and friends and, if necessary, roll excess nights forward to the following year.
These are the company’s sixth and seventh funds and their launch coincides with the opening of Rocksure’s US office in Manhattan.