Introducing Avanti Residence, A Breath of Contemporary Living in the heart of Nicosia: The place where Avant-Garde living meets Urban Allure. The AVANTI project takes centre stage in a prime location that defines contemporary living. With sweeping views of the majestic Pentadactylos Mountain Range on one side and the verdant expanse of Akadimias Park on the other, this fusion of natural beauty and urban convenience creates an unparalleled setting for modern living. And for those seeking connectivity, the project is just minutes away from the highway, offering seamless access to the pulse of Nicosia and beyond.

Avanti Residence, powered by Gold Heritage is a luxury block of residential apartments situated in Aglantzia area. It consists of 11 units of 1, 2 and 3-bedroom apartments with rooftop garden, of which 7 units have already been pre-sold. The construction works commenced in July 2024 and are expected to be completed within 18 months.

C.E. Chrysanthou & Associates are the architects of the project. The Avanti project is an energy efficient class A project with independent photovoltaic systems, with provision for e-vehicle charging and fiber-optic communications systems – being among some of the advanced features of this building.

Intellitrust Advisors Limited

Address: 62 Ifigeneias str, Alexio Building, Office 501, 2003 Nicosia, Cyprus

Legal Entity Identifier (LEI): 254900FJZI60PYIBRB79

Intellitrust Advisors Limited has been setup by Gold Heritage for property development of mainly residential buildings in the Nicosia region of Cyprus. The Director and principal driving force behind Intellitrust Advisors Limited and Gold Heritage is Stavros Petrakides, a well-known property developer with over 30 years of experience in the industry.

Intellitrust Advisors Limited is a profitable property development company with little borrowing and boasting a strong balance sheet with net assets exceeding €1 mln. Based on the 2022 audited financial statements, company profits exceeded €150,000.

The modus operandi of Intellitrust Advisors Limited and in effect Gold Heritage is to secure free-hold popular locations without any bank mortgage on the underlying property, then proceed with the pre-sale of the majority of the residential units before construction begins and, in the process, avoid incurring any debt. The Company also relies on third party contractors for the construction works, thus avoiding the need to maintain permanent staff.

Management: Stavros Petrakides – Director

Contact details: goldheritage.com.cy

Email: [email protected]

The project owner is interested in raising €300,000 through bonds to finance partly the construction of a residential block of 11 apartments in Aglantzia, Nicosia.

The expected duration of the project is 18 months.

The bonds will have issue date 2 September 2024 and maturity date 31 August 2026.

The project owner is offering 5% per annum interest on the issued bonds payable every six months plus a redemption premium equal to 10% of the pre-tax profits of the project.

Gold Heritage has a proven track record of delivering its projects on time and within budget. Below is a list of completed projects with their respective timelines from start to finish:

The table shows the money you could get over the minimum period of investment, under different scenarios, assuming you invest €10,000. The scenarios shown illustrate how your investment could perform. You can compare them with the scenarios of other similar products.

Optimistic scenario
The project owner estimates pre-tax profit on the project of €350,000. This corresponds to a yield of 11.67% for the expected 18-month duration of the project or 7.78% per annum. Considering the 5% annual coupon, the annualised return of the investor will be 12.78%.

Normal scenario
The project owner guarantees a pre-tax profit on the project of at least €200,000. This corresponds to a minimum redemption premium for the expected 18-month duration of the project of 6.67% on investment or 4.44% annualised. Considering the 5% annual coupon, the annualised return of the investor will be 9.44%.

Pessimistic scenario
The maximum period for redemption is 2 years. Should the project extend to 2 years and assuming the base scenario of €200,000 profits, the annualised return to the investor will amount to 8.44%. This is the worst-case scenario.

We have classified this product as 2 out of 7, which is a low-risk class. The summary risk
indicator is a guide to the level of risk of this product compared to other products.
It shows how likely it is that the Issuer is unable to repay your investment and guaranteed return.

The chart rates the potential losses from future performance at a low level, and poor market conditions are not expected to impact the amount you could get back. Changes to tax laws/treaties may adversely affect returns on your investment.

The risk indicator assumes you keep the product for 18 months, which is the minimum holding period. The actual risk can vary significantly if you cash in at an early stage and you may get back less. Market developments in the future cannot be accurately predicted. The scenarios shown below are only an indication of some of the possible outcomes based on recent returns. Actual returns could be lower.

The Company is exposed to general risks such as market, credit, liquidity and geographical risk.

Market Risk: All projects in the construction market are affected by changes in the demand for housing. The construction companies’ risk is that they may not be able to achieve their target cash-flows and thus be unable to make the interest payments on the raised amounts from the investors. For the Avanti project, this risk is mitigated by the fact that more than half – 7 out of 11 apartments – have already been pre-sold.

Credit and liquidity Risks: This is the risk that a lender will extend credit to a borrower but will not be paid back. For the Avanti project, the Project Owner has mitigated this risk by financing construction mostly through pre-payments from apartment sales, utilising own funds, and borrowing only a small proportion of the project cost from investors.

Geographical Risk: Cyprus is located in the Middle East, where the risk of conflict is always a possibility. However, the island has been at peace for the past 50 years and at the moment there is no indication that the country will be directly affected by any foreign conflict. The housing industry is also at its peak.