FEBRUARY 2010
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www.opp.org.uk LAND DIRECTORY MEETING POINT
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57
INDUSTR
Y
Property funds are poised to invest billions as developers seek alternative sources of finance – but very few deals are
being done. To help bring the increasing number of pre-qualified funds together with developers looking for project,
infrastructure and land finance, OPP has created a directory for developers currently seeking investment.
Interested funds and investors should email
alex.e@opp.org.uk for details of each relevant company quoting the PEOPLE
appropriate reference number. Developers who would like to use this service, should contact Alex Evans at OPP for details.
LATIN AMERICA SOUTH EAST ASIA CENTRAL & EASTERN EUROPE CENTRAL & EASTERN EUROPE
TYPE OF COMPANY Developer TYPE OF COMPANY Developer TYPE OF COMPANY Developer TYPE OF COMPANY Developer
LOCATION OF LAND Mexico LOCATION OF LAND Thailand LOCATION OF LAND Sofia, Bulgaria LOCATION OF LAND Sofia, Bulgaria
REFERENCE NUMBER 0001 REFERENCE NUMBER 0002 REFERENCE NUMBER 0003 REFERENCE NUMBER 0004
FINANCE REQUIRED FINANCE REQUIRED FINANCE REQUIRED FINANCE REQUIRED
US$10m equity/$150m debt US$ 5 - 15 million €7m €7m
TYPE OF FINANCE TYPE OF FINANCE TYPE OF FINANCE TYPE OF FINANCE
Open Open Joint Venture, equity investment Joint Venture, equity investment
DESTINA
COLLATERAL AVAILABLE COLLATERAL AVAILABLE COLLATERAL AVAILABLE COLLATERAL AVAILABLE
9,000,000sqm of land wholly owned with Project land of 8 acres and partial infrastructure Yes Yes
detailed planning permission with no external TYPE OF COLLATERAL TYPE OF COLLATERAL TYPE OF COLLATERAL
debt, plus a wholly owned (no debt) beach club No Response Development land Development land
TYPE OF COLLATERAL VALUATION OF COLLATERAL VALUATION OF COLLATERAL VALUATION OF COLLATERAL
TION
Land US$ 2 million €7m €7m
VALUATION OF COLLATERAL EQUITY AVAILABLE EQUITY AVAILABLE EQUITY AVAILABLE
Full valuation appraisal available No Response 50% 50%
EQUITY AVAILABLE
Yes
LATIN AMERICA WEST EUROPE WEST EUROPE CARIBBEAN
TYPE OF COMPANY Developer TYPE OF COMPANY Developer TYPE OF COMPANY Developer TYPE OF COMPANY Developer
BUSINESS
LOCATION OF LAND Mexico LOCATION OF LAND South of France LOCATION OF LAND France LOCATION OF LAND Antigua
REFERENCE NUMBER 0005 REFERENCE NUMBER 0006 REFERENCE NUMBER 0007 REFERENCE NUMBER 0008
FINANCE REQUIRED FINANCE REQUIRED FINANCE REQUIRED FINANCE REQUIRED
$6.5MM €2m €1m $40m rising to around $200m
TYPE OF FINANCE TYPE OF FINANCE TYPE OF FINANCE TYPE OF FINANCE
Debt or equity Development Capital Several options Equity plus debt funding
COLLATERAL AVAILABLE COLLATERAL AVAILABLE COLLATERAL AVAILABLE COLLATERAL AVAILABLE
1st mtg subject property Yes Development site and existing infrastructure, Yes
TYPE OF COLLATERAL TYPE OF COLLATERAL valuerd by bank @2.4m euros 28/01/09 TYPE OF COLLATERAL
Beach front hotel and restaurant Land & existing buildings, legally binding TYPE OF COLLATERAL Land and project plus pre-sales as achieved
VALUATION OF COLLATERAL customer reservation contracts (90% of project Development site and existing infrastructure VALUATION OF COLLATERAL
$17MM pre-sold) VALUATION OF COLLATERAL $100m to start, increasing as project develops
EQUITY AVAILABLE VALUATION OF COLLATERAL €2.4m (bank’s valuation 28/01/09) EQUITY AVAILABLE
DE
No Response €4m EQUITY AVAILABLE Yes
VEL
EQUITY AVAILABLE None
€600k
OPER
WEST EUROPE CENTRAL AMERICA CARIBBEAN WEST EUROPE
TYPE OF COMPANY Developer TYPE OF COMPANY Developer TYPE OF COMPANY Developer TYPE OF COMPANY Developer
LOCATION OF LAND Spain LOCATION OF LAND Panama LOCATION OF LAND Caribbean LOCATION OF LAND France
REFERENCE NUMBER 0009 REFERENCE NUMBER 0010 REFERENCE NUMBER 0011 REFERENCE NUMBER 0012
FINANCE REQUIRED FINANCE REQUIRED FINANCE REQUIRED FINANCE REQUIRED
€2,817,560 US$25m US$90m €80m
TYPE OF FINANCE TYPE OF FINANCE TYPE OF FINANCE TYPE OF FINANCE
Bank Finance Mezzanine Mezzanine or debt Mezzanine or debt M
COLLATERAL AVAILABLE COLLATERAL AVAILABLE COLLATERAL AVAILABLE COLLATERAL AVAILABLE ARKE
N/A Yes Yes Yes
TYPE OF COLLATERAL TYPE OF COLLATERAL TYPE OF COLLATERAL TYPE OF COLLATERAL
N/A Land Land Land
TING
VALUATION OF COLLATERAL VALUATION OF COLLATERAL VALUATION OF COLLATERAL VALUATION OF COLLATERAL
N/A US$50m US$10m TBC
EQUITY AVAILABLE EQUITY AVAILABLE EQUITY AVAILABLE EQUITY AVAILABLE
€1,768,150 No Yes No
FEB10_OPP_MAG.indd 57 28/01/2010 15:22
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