London, UK (PRWEB UK) 25 September 2013
Krono is proud to announce its first phase of investment into 14 apartments in Prague, Czech Republic.
Each apartment is situated in the heart of the city’s tourist district and will be developed by one developer, with whom Krono holds strong business and personal ties. Krono has now entered the initial phase of investment, with the developer agreeing to accept this payment on a trial basis, for the convenience of the Company and its Bondholders.
Krono’s MD, Mr. Rosenschein comments, “We are all overjoyed with the result of these negotiations. The development ties in perfectly with our overriding strategy, while simultaneously offering a clear route for scalability.”
The investment will be facilitated through a loan note structure, with a fixed interest rate. Not only does this give the Company a clear indication of ROI, it also stands to greatly mitigate risk and high levels of exposure: factors present within all investments of this nature.
Assuming expectations are met in this trail phase, Krono analysts estimate the entire project to generate an ROI of 30% pa for the Company.
Krono’s core team of management and advisors provide the necessary resources to unlock and fully realise the potential of Distressed Assets. The team comprises experienced industry professionals with several years of relevant hands-on experience. 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 http://www.kronopartners.com or contact Krono directly on:
Contact Number: +44 (0) 203 657 9190
Disclaimer – forward-looking statements
This Krono Partners Plc communication contains certain statements regarding future events that express the beliefs and expectations of the management team. Such statements are based on current expectations, estimates and forecasts on the part of said 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.