Mouflon Fund I was created as the First Compartment of Mouflon Real Estate Fund, itself also obtaining an additional license from the Cyprus Securities and Exchange Commission.
Mouflon Fund I, is a closed-ended, medium term Fund Compartment, with a diversified portfolio of revenue generating assets with good yield as well as promising potential for capital appreciation. Mouflon Fund I, has acquired strictly commercial properties in strategic locations across Cyprus, and with quality tenants, thus providing both security and cash flow to its investors.
The investments of the Compartment are exclusively geographically concentrated in Cyprus. Although one of the smallest member states of the European Union, Cyprus has proven remarkably resilient despite the events of 2013, and has achieved economic recovery after implementing tough austerity measures to restructure its economy. The economic adjustment program has been completed successfully, with progress being made in all key objectives set out by the country’s international lenders, and with positive feedback being received from all of the international institutions monitoring the performance of the island.
The Compartment’s strategy is based on growth rather than speculation, since both the macro and micro economic factors in Cyprus are favorable and encouraging, and all elements point to a re-invigoration and sustainable growth in real estate values over the next few years. The acquisitions of the Compartment are partially leveraged, and geared towards revenue generating assets, which provide both security and cash flow to the Investment Compartment.
The portfolio selection and management function of the Mouflon Fund I, is carried out by its Board of Directors of Mouflon Real Estate Fund Limited, in accordance with section 116(3)(a)(i) of the AIF Law. Properties are selected after undergoing a rigorous and extensive due diligence process. In order to optimize the decision making process, the Board frequently consults with, and relies on the assistance of qualified advisers with substantial knowledge and expertise in the real estate domain, including surveyors, structural engineers, real estate valuers, bankers, and accountants, legal experts, as well as government officials who provide their expert assessment and recommendations.