Brighton Development Fund
The objective of the Fund is to deliver an absolute return by participating in up to 50% of profit over the life of the Fund via a property development project located at Brighton Beach. (For Wholesale Investors Only)
The Fund is seeking to raise a maximum of $37,000,000 under a closed-ended unit trust structure. The Fund has been structured with the aim of delivering a Total Fund Performance of 50% over a three-and-a-half-year period.
We are pleased to offer potential Investors the opportunity to participate in the financing of a property development project located at Brighton Beach in Scarborough, Western Australia (the Project). This investment opportunity presents a unique chance to invest in a well-researched and planned development project with the aim of achieving attractive returns for Investors.
The Project involves an advance of a secured loan from the Fund to the Owner, 291 West Coast Pty Ltd. The Fund has been structured with the aim of delivering investors up to 50% of the net profit of the Project over a three-and-a-half-year period. This return is generated through the secured loan to 291 West Coast Pty Ltd.
The development site has been carefully selected in an area with strong population growth and a supportive local community. The development has been designed to meet the needs of the local community and to complement the surrounding area. Development Approval was received by Development WA on 30 May 2023.
The Fund has been designed to comply with all relevant regulations, including the Corporations Act 2001 (Cth), and the investment will be managed by a team of experienced professionals.
The Fund is seeking to raise a maximum of $37,000,000 in a closed-ended unit trust structure. The Trustee will be entitled to up to 50% of the net development profits of the Project (50% of development profits is based on the Fund providing a loan of up to $35 million with a lesser amount being apportioned). The returns may vary as Investors will participate in the risks and benefits of the Project.
Existing Site
- Site – 291 – 293 West Coast Highway, Scarborough
- Lot Size – 3,752sqm
- Use – Multi-unit complex consisting of 17 apartments
Development Plan
- Premium development
- A 17-storey tower containing 64 apartments plus a 3-storey podium containing 12 apartments
- 5 Star Green Rating
- Indian Ocean Views
- Development Approval received 30 May 2023
Brightland Development Fund Highlights
A series of commercial agreements have been executed to detail the commitments and responsibilities associated with the development. These agreements include:
- Framework Agreement - This agreement provides the basis of the relationship between the Fund, Owner and the Development Manager including the priority payments and responsibilities.
- Secured Loan Deed - this deed contains the security from the Owner together with the obligation to pay interest and the entitlement of the Fund to profit from the development.
- Development Management Agreement - this agreement contains the responsibilities of the Owner and Development Manager in delivering the development and entitles the Trustee to two of five seats on the Project Control Group. This will include visibility over financial affairs, work schedules, risk management, consultants and agreements.
The Fund will participate in the Project by advancing a loan to the Borrower on the terms of the Secured Loan Deed and the overarching Framework Agreement.
Under the Secured Loan Deed, the Fund will be entitled to receive up to 50% of the development profits. For further details refer to the Information Memorandum.
The information provided herein is for general informational and educational purposes only. It is not intended and should not be construed to constitute financial advice. The content may not apply to your specific circumstances, and you are encouraged to consult with a professional financial advisor before making any decisions or taking any action based on the content. Neither the author nor the publisher shall be responsible or liable for any loss, damage, or liability arising from any decisions made in reliance on the information provided. Always do your own research and due diligence before making any financial decisions. For further information please refer to the offer contained in the Information Memorandum.
Property Blue Pty ltd is a Corporate Authorised Representative (CAR) of AFSL 541 482. CAR Number 127 8133.
Property Blue is an investment manager formed to provide investors access to superior investments and returns with transparency at all times. Property Blue is a related body corporate of the Trustee (in its corporate capacity). At the heart of Property Blue’s culture is building trust through strong communication and continuous disclosure. Property Blue leverages off its previous experience and networks to deliver unique high yielding property projects to Investors which are traditionally difficult to access.
A key to success is identifying experienced and successful property developers who are able to provide early stage access to projects and possess strong networks with a track record of executing transactions.
Property Blue assesses projects against a system of core culture and beliefs:
- integrity – we are honest in our interactions and consider the highest principles and morals to be upheld at all times;
- accountability – we take responsibility for the execution of each interaction and transaction which we engage in;
- transparency – we believe in strong and clear communication of all matters no matter how difficult they may be;
- passion – we are passionate about what we do; and
- commitment – we are focussed upon delivering outstanding results and experiences for all our stakeholders.
Adam is the founder of Property Blue. He has over 13 years’ experience in property development and property-related businesses.
He is currently involved in multiple projects across three states including apartment complexes and land subdivisions.
Adam has successfully completed over $500 million in projects in management and directorship roles.
Craig has over 15 years’ of Development Management and Town Planning experience across a broad range of residential and commercial developments.
Craig has managed a development portfolio of over $400 million ranging from 257 lot subdivisions to mixed use multi – residential apartment projects.
For over 8 years Craig managed a Development Consultancy specialising in Land Acquisition, Town Planning, Project Management and Land Subdivision.
Stuart has had over 22 years’ experience at the ATO and 15 years’ extensive experience in finance and business development throughout Australia and the South Pacific.
He has been involved in multiple property developments over the past 6 years including land subdivision, apartments and commercial property.
Stuart will oversee all Capital Raising, Investor Compliance and sit on the Project PCG for Property Blue in all developments.
Darren brings over 30 years’ sales and marketing experience to the Property Blue Management Team. Over the last 4 years, Darren has been instrumental in developing important relationships across all facets of the Property Blue business. These relationships have provided the platform for Property Blue to engage in several projects across the property development space, including both commercial and residential, apartment complexes and land subdivisions.
Darren’s knowledge and experience has been vital to Property Blue in areas including sales, marketing, capital raising, networking and communication.
Stuart has worked in both commercial construction and client-side development management in Australia and the United Kingdom. The ability to move between the worlds of construction and client side development is invaluable in cost and risk management. He provides a unique insight into ‘both sides of the fence’.
He has provided construction and development management services to both private companies and listed corporates alike. In a range of WA property roles Stuart has developed an eective network of contacts in every discipline and level of the property industry that he can bring to bear on a project.
Stuart’s design training provides an eye for the product, the market and the sale. His contractor experience and qualifications mean a strong emphasis on the practicality of product delivery. Above all, his development management experience means a broad knowledge of the project process from start to finish. This understanding enables him to bring all the elements together to get the job done.
Ben is a member of the Property Blue Investment Committee in his capacity as Compliance Manager for the Trustee. To ensure adequate oversight for the Trustee he also holds a seat on the Project Control Group.
Ben has over 20 years’ experience in business and financial controls and has held roles as financial controller, acting CFO and company secretary for an ASX-listed company. He has 5 years of funds management experience which includes all operational and establishment across a broad range of structures and investment types.
Ben is a former Chartered Accountant and holds a Bachelor of Commerce (Accounting and Business Law).
Relevant Documents
You should read the PDS, TMD (if applicable) or any Investment Memorandum (or other offer documents) related to this product before making an investment decision. These documents (if available) can be found at https://propertyblue.com.au/, or if this is a "wholesale investor only" investment, can be viewed by contacting the Product Issuer identified on the aforementioned website.
Statutory Statement
This offer of scheme interests is available to wholesale clients only. This product listing was vetted by and approved by the product issuer identified above before publishing. Investment Markets (Aust) Pty Ltd AFSL 527875 (IM) is not the issuer of the product.
General Disclaimer
IMPORTANT STATEMENT ABOUT YOUR USE OF THIS SITE
Information on this site is intended for Australian users only.
This site is operated by Investment Markets (Aust) Pty Ltd. (ACN 634 057 248) (IMA, we, us and our), the holder of Australian Financial Services Licence (AFSL) no. 527875. The content is provided solely for information purposes, is not a recommendation or an offer to buy or sell a security, and is not warranted to be correct, complete or accurate. To the extent permitted by law, neither IMA, its affiliates, nor the content providers (such as the issuers of securities who appear on the site) are responsible for any investment decisions, damages or losses resulting from, or related to, the content, data and analyses or their use. The investment products on this site and any statements made about them by their issuers are not vetted, verified or researched by IMA. The presence of an investment product on this site should not be interpreted as an implied endorsement of it by IMA. Certain content provided may constitute a summary or extract of another document such as a Product Disclosure Statement. To the extent any content is general advice, it has been prepared by IMA. Any general advice has been provided without reference to your investment objectives, financial situations or needs. For more information refer to our Financial Services Guide. To obtain advice tailored to your situation, contact a financial advisor. You should consider the advice in light of these matters and, if applicable, the relevant Product Disclosure Statement (or other offer document) before making any decision to invest. Past performance does not necessarily indicate an investment product’s future performance. The content is current as at date of initial publication and may not be current as at your date of viewing. For a more complete understanding of all the terms and conditions of your use of this site click here.