Equity Co-Investment Residential Subdivision
CapitalGroup was approached to assist with the acquisition and development of a 10 hectare land holding in Orewa, on the North Shore of Auckland.
Capital Group invested funds for the following reasons:
The site was well located.
The developer was experienced and known to CapitalGroup.
Strong pre-sales had been achieved.
Planning risk was minimised after receiving advice which indicated the development’s compliance under the District Plan. This was supported through positive dialogue with Council in the pre-planning phase.
Costs, in particular construction costs, were estimated by reputable engineers and reviewed via a quantity surveyor with an existing relationship with CapitalGroup.
Geotechnical reports had been completed on the site.