Fixed income returns are available for suitably qualified investors.
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How to apply
You may apply to invest in Griffin Property Group Ltd from July 2021.
The process for investing in the Loan Note is as follows:
- Read the full text of the Information Memorandum.
- If you are in any doubt about the action you should take, or the contents of this document then consult a professional adviser authorised under FSMA, who specialises in advising in loan notes and other debt securities.
- Once you have decided to proceed, you should request an Application Form.
- Make yourself familiar with the application Terms & Conditions.
- Submit your Application and AML (Anti-Money Laundering) documentation as per the site.
- Once an application is accepted, an Investor will receive an email confirmation on how to submit payment.
- Following receipt of funds, the investment will be recorded.
- Investors will receive a certificate registering their ownership of the Loan Note. This will also be noted on the certificate register.
FAQs
WHO CAN INVEST?
Any individual who is over the age of 18, or a trust, company, the retail sector or charity that is not prevented by the laws of its governing jurisdiction from applying for or holding the loan notes. Investors must also fall within one of the following categories:
(i) certified high net worth investors (as per FinProm article 48);
(ii) certified sophisticated investors (as per FinProm article 50); or
(iii) self-certified sophisticated investors (as per FinProm article 50A).
HOW IS THE INVESTMENT SECURED?
The investment is secured by way of a debenture over the assets of the Company in addition to a fixed charge over the assets of the SPV companies meaning Loan Noteholders rank in priority above unsecured creditors of the Company.
WHAT DOES A DEBENTURE OVER THE ASSETS OF THE SPV COMPANIES MEAN?
A debenture is a form of security, usually granted in favour of a security trustee to hold on behalf of Loan Noteholders, which generally attaches to all the current and future assets of the issuing company. In the event of a default (such as non-payment of interest or capital), the security trustee can enforce the security and take control of the issuer’s assets to sell them for the benefit of the Loan Noteholders.
WHEN DO I GET MY ORIGINAL INVESTMENT BACK?
All of your original investment is due to be returned in full at maturity of the Loan Notes (3 years).
CAN I INCLUDE THIS INVESTMENT AS PART OF MY SIPP OR SSAS?
You may be able to hold your Loan Notes in a SIPP and SASS wrapper provided your pension provider is willing to accept non-standard assets such as unlisted securities. Investors must check with pension provider first and should not assume the Loan Notes will be SIPP or SSAS-eligible.
CAN I INVEST THROUGH A COMPANY AND ARE JOINT APPLICATIONS ALLOWABLE?
Yes, corporate investments or joint applications can be accepted.
WHEN IS THE START DATE OF THE INTEREST CALCULATED FROM?
Interest is calculated from date funds are cleared and made available to the Company (and all KYC and AML documentation has been received).
CAN I SELL OR GIVE MY INVESTMENT TO SOMEONE ELSE?
No, the Loan Notes are non-transferrable.
IF I DIE WHAT WOULD HAPPEN TO MY INVESTMENT?
Subject to available cash resources, the Directors will endeavour to redeem, within a reasonable period, Loan Notes held by the executors of deceased Loan Noteholders, where so requested, to assist with probate liquidity.
WHAT TAX IS PAYABLE ON MY INVESTMENT?
This will depend on your personal circumstances. In most cases, you will receive interest payments after the deduction of 20% “withholding tax” which we will pay direct to HMRC on your behalf, as is required under UK law. In this case, we will supply you with an annual statement setting out the tax paid. Where you are a higher or additional taxpayer, you may be required to pay additional tax. In certain circumstances, withholding tax usually does not apply, for instance where the subscriber is a UK company or where the loan notes are held in a pension. For all information about tax, we recommend all Investors speak to an independent specialised tax advisor who is authorised and specialises in investments of this kind.
HOW DO I APPLY
Investors can apply through an authorised financial intermediary or direct using the application form provided.
I HAVE MORE QUESTIONS – HOW CAN I GET THEM ANSWERED?
Our client relationship team would be very pleased to assist you with any questions. You can contact the team on compliance@griffin.property. Please note that we cannot provide investment, legal or tax advice, only guidance on the practicalities of investing.