Top Tier Developer is on the hunt for their next aquisition

img_0926

cpc-logo January 2018

A client is seeking to acquire its next development project. If you are a site owner considering an exit please get in touch. Site’s being considered have the following characteristics:

  • Located in Sydney/Melbourne
  • Apartment Project – size 150 -500 units
  • Land Project -land subdivision greater than 10 acres
  • Must be in close proximity to EXISTING transport, schools and other amenities
  • DA approved and appropriately zoned 
 
If you own a site and are thinking of selling call David Lovato on m 0434 932 634 or email dlovato@crowdpropertycapital.com.au

Buyers Emerge for Wanda’s $6B Project Portfolio

wanda-group-logo-featuredscreen-shot-2018-01-21-at-9-33-18-pmcpc-logo January 2018

Article by The Urban Developer

Buyers are emerging for some of Chinese developer Dalian Wanda Group’s prime development assets, including in Australia, following pressure on Wanda last year from the Chinese government to rein in offshore investments.

The South China Morning Post is reporting that China’s Guangzhou R&F has bought the One Nine Elms hotel and residential project on the south bank of London’s River Thames.

According to a stock exchange filing Wanda Hotel Development said it would sell a 60 per cent stake in Wanda International Real Estate Investment, which was established to invest in the Nine Elms Square property project, in a deal worth $815 million.

The remaining 40 per cent stake, held by Wanda HK, which also owns Wanda Hotel, will also be sold, according to the filing.

It is understood that another Chinese property developer, Yuhu, is in exclusive talks with Wanda to buy its two Australian landmark assets in Sydney and the Gold Coast for more than $1 billion.

Demolition work is underway for One Circular Quay to be constructed on the site of Gold Fields House at 1 Alfred Street, Sydney, which will feature 190 luxury apartments and a 181-suite five-star hotel. Gold Fields House was purchased for nearly $490 million in 2015.

On the Gold Coast, construction of beachfront Jewel at Surfers Paradise is well advanced with completion expected in 2019. The three towers will comprise 512 apartments and a luxury hotel.

The Chinese central government has been ramping up pressure on Wanda to cease its international expansion and reduce its debt. The government has imposed controls over outbound investment in property, hotels and other industries.

Last month it was revealed that Yuhu paid legal expenses for Labor senator Sam Dastyari in 2014. Dastyari has since announced he was quitting politics amid scrutiny over of his associations with a Chinese businessman and political donor. He will formally resign next week.

1st Mortgage Debt Deal Southern Sydney Development Site

jb059_2brdual-key_20161026cpc-logo

 

15th December 2017

A registered first mortgage funding opportunity exists to fund a development project 11kms south of the Sydney CBD.

This opportunity is lead by highly experienced property development executives who are able to better assess risks and provide funding on loans with Loan To Value (LTV) ratios and Covenants that are reflective of the specific projects risk profile. The maximum LTV on this loan is 42% secured via first mortgage.

The developer has acquired the site for $26.5M in 2016 (100% equity funded). The total required facility of $11M is secured against the existing five lots. The maximum LVR is assumed to be 42% (subject to valuation).

The development is a 6,000m2 site yielding 168 apartments and is located 11km from the Sydney CBD. The site is 350m from the train station and 2km from Sydney Airport.

The exit strategy for this loan is the developer completing his current project in another suburb of Sydney. The developer has a solid track record of delivering apartment projects in Sydney (2012-2016 delivered 480 units over 5 projects, GDV $213M).

The minimum investment is $1.1M and interest is 10% paid monthly in arrears. This opportunity is open for a limited time only, further details are below.

 

INVESTMENT DETAILS*

Loan Facilty TypeRegistered 1st Mortgage
Interest Rate (investor)10% per annum
Total Loan$11M
Minimum Investment$1.1M
Loan Term12 Month Facilty from settlement date
Max Loan to Value (LTV)42% (subject to valuation)
Targeted Financial CloseSettlement occurred 1st September 2017

WHO CAN INVEST?

  • An investment of $1,100,000 or more by any Australian resident or non-resident.
  • Any business that is not considered a small business (less than 20 people)
  • Professional & sophisticated investors
  • An Australian financial services licensee
  • A body regulated by APRA include banks, building societies, credit unions, and life and general insurers.
  • A trustee of a superannuation fund
  • An approved deposit fund,
  • A pooled superannuation scheme
  • A listed entity, or a related body corporate of a listed entity.

To obtain further an Information Memorandum (IM) for this investment please contact dlovato@crowdpropertycapital.com.au  or ph. 0434 932 634. *Refer to IM for additional information.