Single block of 11 residential apartments situated at Langford Row, Cork City. High-end apartments with 100% occupancy with a good track record in this regard. The investment offered a 11% coupon at maturity and 25% participation in any net capital appreciation on disposal of the underlying asset. The bond matured as scheduled after 2 years and returned full capital plus coupon and participation in the net capital appreciation of the asset with an overall return of 13.5%.