With a one-off payment currently starting at 233,600 the fund offers the opportunity to own and enjoy a portfolio of luxury properties, each valued at approximately 2.04m, with no management obligations or further fees to pay for the 10-year lifetime of the investment.

The fund will total 77.9m through 300 interests, each with a generous minimum of five weeks' personal usage per annum in 30 homes worldwide . . . a lower owner/user ratio than the majority of vacation clubs. Homes will include golf, spa, ski and sun in mountain, beach and city locations. In addition to the K Club, locations include an authentic Canadian ski lodge and a beachside pad in the Caymans, with plans for a further 20 properties worldwide, including Aspen, New York, Tuscany and Mauritius.

After 10 years, the fund will be liquidated, with 70% of the gains returned to the investors. Included within the subscription price are the cash requirements to fund the annual property-holding costs of local taxation/ utility payments, etc, for up to six years, after which the fund would look to remortgage the properties to cover additional operating costs as required.

Further information from Pure International Property, 01-669 4763; www. pureintl. com.