Projects } TBK Capital

Residential Development - JV Opportunity

Our client wishes to seek a Joint Venture partner or partners to join them in a 12 house subdivision and build in Torbay, Auckland. It is being undertaken by two experienced and accomplished builders and developers.

Our client wishes to seek a Joint Venture partner or partners to join them in a 12 house subdivision and build in Torbay, Auckland. It is being undertaken by two experienced and accomplished builders and developers.

Plans have been drawn up, consents are under way and construction details are being finalised. Building contracts and project management contracts are in place on favourable terms to the development company.

The development property is in Torbay on an elevated site with views to Rangitoto and St Heliers.  The houses consist of mid to high end designs, with values ranging from $1.2 million to $1.425 million each.

Debt funding arrangements are in place on very favourable terms, as are building contracts.  The project will be completed within calendar 2019 with a forecast development profit of $3.4 million.

The Offer

The development company wishes to raise $2.1 million which would entitle the investor(s) to 80% of the projected profit of $3.4 million on completion. Our client will own the other 20%.

On the projected returns this means the investor(s) share of the profit would provide them with a 30% return.

There is room for flexibility to the approach if an investor can contribute resources to justify a change to the proposed strategy.

An Information Memorandum is available to qualified investors. For further information  email or phone me on +64 9 307 3257 or +64 21 902 901 or Andrew Larsen on +64 27 483 4200.

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The above investment is not an offer of financial products that requires disclosure under the Financial Markets Conduct Act 2013 (Act) and is available only to wholesale investors as defined by that Act. It is intended for distribution only to selected people to whom, under the relevant laws, it can be lawfully distributed. It cannot be distributed in any other jurisdiction, or to any other people. It is not an offer or solicitations in any jurisdiction in which such offers or solicitations are not authorised, or in which the person making such offers or solicitations are not qualified to do so, or to any person to whom it is unlawful to make such offers or solicitations. Any representation to the contrary would be unlawful. No action has been taken by any person that would permit a public offering in any jurisdiction where action for that purpose would be required.

Cheers

JP

John Paine B.Sc., Dip BIA
TBK Capital Limited
Level 10, BDO Building
120 Albert Street
Auckland 1010, New Zealand
Phone +64 9 307 3257
Fax +64 9 309 4519
Mobile +64 21 902 901
Email john.paine@tbkcapital.co.nz


 

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