Retirement Village and Aged Care Offer - FULLY SUBSCRIBED AND NOW CLOSED
The ageing of the New Zealand population will see the number of over 65s double over the next decades, providing a significant market opportunity for the retirement village sector.
The ageing of the New Zealand population will see the number of over 65s double over the next decades, providing a significant market opportunity for the retirement village sector.
In addition to the growth in population, the general acceptance of retirement villages as great places to live means the rate of take-up in the market is also increasing. The aged care sector is similarly facing considerable growth, which will see an increased demand for quality care facilities.
Existing Operation
The Retirement Village is located adjacent to a shopping mall with supermarket, doctors, pharmacies, restaurants and other facilities. The village is run by an experienced management team, has been in operation for some years, and has already achieved strong License to Occupy sales of the Villas.
The Village is consented for 129 units. 61 villas have already been built, construction commenced on 10 apartments, and the core of the common amenities completed. They also wish to build an aged care facility on adjacent land.
The market is becoming more sophisticated and demanding more from the owners of villages in the way of location, amenities, infrastructure and quality of product.
The owners wish to introduce new equity to:
- Improve their ability to continue to develop the village
- Enable the commencement of the care facility
- Improve the ability to secure bank funding
- Create the capacity to acquire new development opportunities
Share Offer
The village is currently owned by three individuals who intend to restructure and strengthen the funding of its expansion by the issue of new ordinary shares.
The offer is $3.45 million for 33% of the company but up to 50% is preferred with the appropriate investor/s. The owners are ideally seeking one cornerstone shareholder to join them but all applications of $500,000 or more will be considered.
In the event the 50% is raised this would provide – in addition to the funds required to complete the Village – a “war chest” to take advantage of new development opportunities already identified. This would also facilitate a future liquidity event for shareholders.
This is an opportunity to invest in a sector where the listed entities have experienced significant growth in share value over recent years and to share in the substantial uplift in value as the village grows.
A detailed information memorandum is now available. It is a requirement of the village owners that a confidentiality agreement is signed before the IM is made available. If you’d like a copy call me or reply to this email.
The above investment is not an offer of Securities to the Public and is available only to eligible investors as defined by the Securities Act, or those excluded from the Offer provisions of the Securities 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 solicitation in any jurisdiction in which such offers or solicitations are not authorised, or in which the person making such offers or solicitations is 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 15, 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
For more information, please click the contact button below to send us a message.
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