Richmond Hill, Ontario (PRWEB) July 14, 2014
The Jaymor Group is pleased to provide this update regarding the activities and planned strategic disposition of assets within Jaymor American Opportunity I Registered Capital Ltd. (the "Corporation").
Management has been working with a European advisor group to create a European bond vehicle which will be domiciled in Luxembourg and listed on the Luxembourg Stock Exchange. The fund will be represented by the Luxembourg office of international law firm, UK-based Clifford Chance (http://www.cliffordchance.com). The registrar and trustee bank is Hauck & Aufhauser, a German Private Bank (http://www.hauck-aufhaeuser.de). The fund's lead advisor, board member and partner is Swiss-born Dr. Beat Guldimann. An industry veteran, Dr. Guldimann has served as legal counsel at Swiss Bank Corporation head office in Zurich, and more recently as President and CEO of UBS Bank Canada.
The first planned acquisitions of the fund will be the purchase of up to six Jaymor-sponsored assets, including two assets currently held by the Corporation. This will result in the early exit for the two aforementioned assets, allowing the Corporation to retire a significant amount of outstanding bonds. Management anticipates the fund will be approved by the Luxembourg Stock Exchange by July 2014 and continues to work towards the end of Q3 2014 as a completion date.
Although the Company believes that the forward-looking information presented with respect to possible dispositions by The Jaymor Group is reasonable, such forward-looking information involves known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information, and undue reliance should not be placed on such information.
About The Jaymor Group
The Jaymor Group is a Canadian company which has been structuring quality real estate investment opportunities for Canadians since 1989. Accomplishments include the syndication of over 20 multi-family properties in Florida, North Carolina and Texas, making Jaymor one of the more experienced property syndication and asset management groups in the industry. In addition, Jaymor is a developer of large-scale apartments, luxury condominiums, town homes and high-end student properties.
SOURCE The Jaymor Group
The Jaymor Group