Full Description

The Fund aims to increase capital values by obtaining planning permission on carefully selected land sites in emerging property markets.  The frequent use of options to purchase is intended.  The Fund Property Adviser team have extensive knowledge of emerging markets and have already been involved in successful land and property transactions in Central & South America, Asia and Africa.

The use of option to purchase contracts carries significant risks which are defined in the Investment Memorandum.  The rewards, however, can be extremely good and the Property Adviser team intend to mitigate the risks by selecting prime sites where they have already carried out some research into the probability of a successful planning application.  The window of opportunity is often relatively brief to acquire prime sites.  This means that the team often have to act quickly to secure the site.  The Fund will aim to diversify its' interests in different regions so as not to be over-exposed to one particular market.  The Fund has no desire to take any site through the development phase but will plan for this eventuality in the event of a suitable buyer not being found.

The first sites available as ‘seed projects' are in Panama and Cape Verde.  The Panama site is a 400 hectare lakeside plot outside Panama City.  It is envisaged that the team will masterplan the site and include the following in their planning application:

• A minimum of 750 villa plots;
• A cosmetic surgery hospital for the global healthcare market;
• A Nursing Home and Supported Living units for US and Canadian retirees;
• Two 300-room condo-hotels;
• A marina, lakeside restaurant complex, bars, nightclub and casino;
• 1,000 waterfront apartments;
• A Business Park incorporating office premises and light industry;
• A rainforest canopy restaurant and accommodation area;
• A waterpark;

The Property Adviser has already received interest from two development companies that have expressed a desire to purchase the site once planning permission has been granted.  The Fund will require investors to make their investment in July 2008 so that funds can be drawn down as per the agreed contract with the landowner.

The second site is in the Cape Verde Islands.  The Fund has reached agreement with the landowners and will sign the option contract after the first temporary closure of the Fund in July 2008.  The Fund will immediately re-open and will remain open until 31^st October 2008.  During this period the Property Adviser will be progressing the planning applications and finalising future option purchases.  The Property Adviser team envisage no more than 5 sites in the first round of fund-raising.  The Cape Verde site masterplan will include:

• A fully gated tourist community incorporating in excess of 500 villa plots;
• At least one 18-hole golf course;
• Two large hotel complexes - one on the beach and the other on the golf course;
• White sand beaches, restaurants and a beachfront boardwalk along the 2 km stretch of water frontage;
• A complete range of tourist facilities including large communal pools, fitness centre, spa, bars, play areas etc.

To receive a full Investment Memorandum please click here.