10 November, 2010
As mentioned in my last GLOBAL VIEW, equity participation is now becoming a viable – and often preferable – alternative to refinancing existing loans. To see this issue click here
I said I had examples where I’ve been able to offer this alternative which offer excellent returns to private investors and do not require personal guarantees. So in response to a number of enquiries I thought I’d briefly describe them in this special edition of GLOBAL UPDATE. I’ll send my November GLOBAL VIEW next week.
Both, for various reasons, have been structured as share investments.
Commercial property – Remuera medical mile
The opportunity is to purchase up to a half share of the ownership of a commercial building in Remuera Rd, Auckland, the tenants of which are medical professionals. This is a landmark primary healthcare centre in an area commonly known as the Medical Mile.
The completed building was bought from a distressed vendor at a very competitive price under valuation. The current owner has completed all requirements to obtain the Code of Compliance.
The owner is offering a 50% share in the special purpose company that owns the property to an investor or investors. Features of the offer include.
Established residential subdivision – terminating investment
The opportunity is to invest in a company established in 2005 as a specialised residential land developer to subdivide rezoned orchard land. It is now the largest single developer in the area and the largest single land owner.
To date they have developed 120 individual residential sites of which 99 have been sold and settled. They also own 10.5 hectares of adjacent land which will be developed over the next 5-6 years and will produce a further 173 sections. Projected revenue from the project is over $30 million.
The company has existing bank facilities and is looking to raise $1 million to assist in financing the future development of by the issue of Preference shares which will have following characteristics.
Restricted Private Placements
Both the above are available only to “Eligible Persons” as defined in the Securities Act. To see the definition of an Eligible Person click here
A copy of an Information Memorandum describing each offer is available on signing a confidentiality agreement.
So if this appeals to you – or if you too are looking for equity participation in your business – why don’t you reply to this email or call me on mobile 021 902 004 for further information.
Global Pacific Corporation Limited
112 Gladstone Road, Parnell,
P O Box 3229, Auckland, New Zealand
Phone +64 9 303 3700, Fax +64 9 303 3031
Mobile +64 21 902 004
Web site www.globalpacific.co.nz
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