- Investments in European real estate record 22 percent increase during 2017
- American-Swiss Capital building portfolio of undervalued, high-rate-of-return properties
- Tivat, Montenegro, opportunities centered at Adriatic Sea’s Monaco-like coastline
Miami-based American-Swiss Capital, Inc. is preparing to take public its vision of an investment corridor to high-rate-of-return European properties, with the company’s recent registration statement seeking admission to the OTCQB tier of the OTC Markets Group, Inc. Marketplace. The stock quote request was filed with the U.S. Securities and Exchange Commission with an April 4 prospectus that identified a bid to offer a minimum of 1.25 million shares at $1 per share, with a maximum potential offering of five million shares.
American-Swiss Capital is built on the belief that the new venture’s knowledgeable team can identify profitable real estate investment opportunities designed to generate a high rate of return due to the properties’ distressed and undervalued qualities. The company’s current focus is on the European market – specifically properties in Tivat, Montenegro, where American-Swiss Capital has negotiated an agreement for a set of beachfront apartments, as well as land on the Tivat bay, where it aims to build villas in a gated community development that overlooks the Adriatic Sea.
Travel site Lonely Planet describes Tivat as an “erstwhile-mediocre seaside town” where visitors “could be forgiven for wondering if they’re in Monaco or Montenegro” because of the proliferation of super yachts in the bay, a posh promenade and rows of elegant buildings, thanks in large part to the redevelopment of the city’s old naval base into a first-class marina (http://ibn.fm/blO9n) – demonstrating the potential of the location’s Mediterranean climate (dry summers and mild, rainy winters), as it is already attracting “the uber-wealthy” and “less-loaded rubberneckers.”
The old-world charms of the vicinity include seafood restaurants and quiet mountainous hikes past picturesque stone homes, crumbling ruins, olive groves with man-powered mills and churches dating back to the ninth and 14th centuries, while nearby Kotar delivers more of the bauble associated with tourism hubs.
Montenegro presents an attractive business opportunity for foreign investors, and the country’s Montenegrin Investment Promotion Agency (“MIPA”) expresses its commitment to economic development by welcoming foreign investors.
American-Swiss Capital has negotiated a significant restructuring of the debt on the beachfront apartments with the mortgage holder. The 18 units at the heart of the coastline’s burgeoning tourism industry were built in 2012 but were never occupied. They range in size from 60 to 160 square meters, about 646 to 1,700 square feet, and the property has a private beach with a fixed pontoon boat berth. The separate gated community project is located on four acres where American-Swiss Capital anticipates building 30 villas of 360 square meters (about 3,875 square feet) on the Bay of Kotor. The proceeds from the direct public offering would be applied first to acquiring the land for the gated community, and then to building a prototype villa and retiring the apartments debt as proceeds become available (http://ibn.fm/K2Ft1). An April 10 Twitter post noted that the company is also scouting land for its next project, which it stated would be “HUGE!”
Real estate transaction volumes rose 10 percent worldwide year-over-year during the fourth quarter of 2017, amounting to full-year volumes of $698 billion for 2017, according to global market analyst JLL (http://ibn.fm/Gz8KB). The agency reported that, despite political uncertainties, investors have remained confident in the performance of the real estate sector – particularly in Europe, where all regions registered growth during the year. The United Kingdom led the continent’s performance overall with a 37 percent rise in annual volumes, but investor appetite for European real estate across the entire area still showed a healthy 22 percent increase for the year.
American-Swiss Capital is led by CEO John Karatzaferis, who served for 25 years as a consultant for several major organizations, including PeopleCo., AGWS, and NAB Bank in Melbourne, Australia. He is accompanied by Robert Sultani, a recently appointed director who is also a managing director of RCS Global Services, an international firm providing advisory, audit and training services with respect to the sourcing of natural resources. He has worked in the Middle East region since 1985 with companies in the telecommunications, information technology, petroleum, finance, software and petrochemical industries.
For more information, visit the company’s website at www.AS-Capital.com
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