Closed Syndicates

CUSTODIAN SUNBURY SYNDICATE LIMITED

Custodian Sunbury Syndicate Limited has successfully closed. For more information, visit www.brookhaven.com.au.

Syndicate Statistics

Prospectus Date:
23 June, 2010

Offer:
For the issue of 13,000,000 shares at $1.00 each

Property:
47.36 hectares (approximately 117 acres) situated 35 kilometres north-west from the Melbourne CBD in Sunbury, Victoria

Independent Property Valuation:
$11,000,000

Assessed Project Gross Realisations:
$43,775,000

Forecast:
Cash distribution yield of 36.0% and gross distribution yield of 51.4% over the forecast period of 33 months

Project

Custodian Sunbury Syndicate Limited contracted to purchase the property for $9,500,000 (representing a 13.63% discount to valuation).

Settlement of the purchase of the property was effected on 5 November, 2010.

It is intended that the property be developed into 245 residential allotments together with a medium density site, parkland, roadways and other services.  A PDF of the proposed plan of development can be downloaded below.

Locality

Located 35 kilometres north-west from the Melbourne CBD, the project is intended to provide a diverse range of new housing opportunities within the growth suburb of Sunbury.

The property is located in close proximity to a range of services including public transport, retail and recreational spaces as well as a range of employment opportunities.

Shopping facilities are currently available nearby in the Sunbury town centre and the property has easy access to central Melbourne via the Calder Freeway and Citylink.

There are a number of existing education facilities located in Sunbury, providing a mix of public and private primary and secondary schools.

Surrounding land uses are predominantly residential in nature with land to the immediate east and south having been developed for residential purposes as earlier stages of the Brookhaven Rise Estate.

For more information, see www.brookhaven.com.au

 

CUSTODIAN CUNNINGHAM RISE SYNDICATE LIMITED

Custodian Cunningham Rise Syndicate Limited has successfully closed. For more information, visit www.cunninghamrise.com.au.

Syndicate Statistics

Prospectus Date:
11 September, 2009

Offer:
For the issue of a minimum of 6,500,000 and a maximum of 8,300,000 shares at $1.00 each

Property:
25.16 hectares (approximately 63 acres) situated 21 kilometres from the Brisbane CBD in Goodna, Queensland

Independent Property Valuation:
$6,400,000

Assessed Project Gross Realisations:
$34,800,000

Forecast:
Cash distribution yield of 27.6% and gross distribution yield of 39.4% over the forecast period of 30 months

Rating:
Independent three (3) star rating from Adviser Edge

Project

Custodian Cunningham Rise Syndicate Limited contracted to purchase the property, situated in the western growth corridor being one of the fastest growing regions in South East Queensland.

Settlement of the purchase of the property was effected on 29 January, 2010.

It is intended that the property be developed into 195 residential allotments, parkland, roadways and other services. A PDF of the proposed plan of development can be downloaded below.

Locality

Located 21 kilometres west from the Brisbane CBD, the project is intended to provide a diverse range of new housing opportunities within a rapidly growing part of the greater Ipswich area.

The property is located in close proximity to a range of services including public transport, retail and recreational spaces as well as a range of employment opportunities.

The locality and the property itself are well serviced by transport infrastructure, with local roads providing access to the Ipswich Motorway, connecting the project to the wider Ipswich area and to the Brisbane CBD. Further, both the Redbank train station at Brisbane Terrace and the Goodna train station at Woogaroo Street provide suburban rail services.

In terms of retail facilities both Redbank Plaza and St Ives Shopping Centre are located within one kilometre of the property.

For more information, see www.cunninghamrise.com.au.

 

CUSTODIAN TRUGANINA SYNDICATE LIMITED

Custodian Truganina Syndicate Limited has been successfully closed.

Syndicate Statistics

Prospectus Date:
28 November, 2008

Offer:
For the issue of a minimum of 11,100,000 and a maximum of 11,500,000 shares at $1.00 each

Property:
12 hectares (approximately 30 acres) situated 20 kilometres south west from the Melbourne CBD at 250 Sayers Road, Truganina, Victoria

Independent Property Valuation:
$9,000,000

Assessed Project Gross Realisations:
$29,130,000

Forecast:
Cash distribution yield of 22.7% and gross distribution yield of 32.4% over the forecast period of 32 months

Project

Custodian Truganina Syndicate Limited contracted to purchase 12 hectares (approximately 30 acres) of land in the growth suburb of Truganina situated 20 kilometres south-west from the Melbourne CBD.

Settlement of the purchase of the property was effected on 15 April, 2009.

It is intended that the property be developed into 202 residential allotments, roadways and other services. A PDF of the proposed plan of development can be downloaded below.

 

Locality

Located 20 kilometres south-west from the Melbourne CBD, Truganina is located within one of Australia’s fastest growing regions.

Land to the south and west of the property is currently, or has recently been, developed for residential purposes. Land to the north and east of the property has been identified for employment purposes and is currently being worked on by the relevant local authority at the moment.

Truganina and the property itself are well serviced by transport infrastructure. The property has easy access to central Melbourne by the Westgate Freeway and suburban train services are available via the Werribee train line.

Other infrastructure for the locality includes:

• Westbourne Grammar School whose campus of nearly 100 acres houses a current enrolment of in the order of 1390 students from years prep to twelve;
• The Regional Shopping Centre Wyndham Village with Coles supermarket and over 40 specialty shops; and
• Williams Landing the $1.5 billion master planned suburb to include train station, bus interchange, shops, cafés, restaurants, offices and entertainment.

For more information, see www.evergreentruganina.com.au

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