Despite economic uncertainty, rate rises and volatility in the housing market, in December Capital Prudential finished another record year with our total completed and pipeline projects exceeding $375m. Our risk mitigation and diversification strategy has ensured projects move in and out of the fund at all cycles of the property market, balancing the peaks and troughs.
Capital Prudential’s two largest South Australian townhome developments, Otto and Brompton are 90% sold with construction now well underway. Furthermore, we achieved strong sales for luxury single residential developments in Adelaide. We have received strong levels of interest in current residential projects in both Noosa and Byron Bay in addition to our luxury 16 apartment and 5 home development in Rose Park, SA.
Commercial and industrial diversification increased significantly throughout 2022 with major developments completing or underway in Perth, Brisbane, Darwin and Adelaide.
Feature developments include a 15,000m2 industrial warehouse in Maddington, WA for which strong interest has been received from multiple potential tenants. Our most recent addition to the fund is a 10,000m2 industrial site in Park Ridge, QLD which adjoins the rapidly developing Logan region. The site will be developed into 21 commercial tenancies, as pictured above. Appointed real estate agents have already received significant expressions of interest to purchase units within the development.
Capital Prudential has already completed extensive due diligence on the site, including council consultation and environmental assessments, and development approval is anticipated during February 2023. The DA-approved Park Ridge site will settle into Capital Prudential’s Diversified Development Fund in April 2023, with construction scheduled to complete in May 2024.
SPECIAL OFFER
To support the Park Ridge project and other developments, Capital Prudential’s Diversified Development Fund is offering 18-month fixed-term Secured Income Notes at 10% p.a.^ until 31 March 2023. The minimum investment is $100,000 with interest paid quarterly and the principal repaid at maturity (rollover options available).
Further details and application process below.
We look forward to the continued support of our current investors and invite interested wholesale investors to contact us.
Sam Moore
Managing Director
M: 0400 285 405
SPECIAL INCOME NOTES OFFER
Term: 18 months
Interest rate: 10% p.a. paid quarterly
Following the 18-month term, capital is returned, or investors may elect to rollover into another Income Note.
This special offer will remain open at the discretion of the Manager. Our standard Income Note offer will of course remain open (see our website for more details).
To apply, please contact us on 1800 966 021 or email: investment@capitalprudential.com.au.
WEBINAR INVITATION
Join us to learn how Capital Prudential carefully selects and manages property developments from acquisition to sale. It’s this process that underpins the healthy income paid by the Notes to Investors, whilst protecting the initial capital outlay.
Date: Tuesday 14 March 2023
Time:
10:30am – 11:30am (Eastern – Sydney, Melbourne, Brisbane)
10:00am – 11:00am (Central – Adelaide)
9:00am – 10:00am (Central – Darwin)
7:30am – 8:30am (Western – Perth)
You will have the opportunity to meet our team and have any of your questions answered.
ANOTHER INDUSTRY EXPERT JOINS OUR TEAM
Sam Newton JP
– Commercial Acquisitions Manager
Sam is a commercial property specialist with over 30 years of industry experience across most facets of commercial real estate. He is a licensed real estate agent specialising in petrol stations, automotive, fast food, and associated asset classes.
He has a profound understanding of the requirements for specialised property developments, having worked as a specialist real estate agent and for private development companies. Prior to joining Capital Prudential, Sam was the National Acquisitions Manager for Liberty Petroleum.
SHANE OLIVER PREDICTS PROPERTY
RECOVERY LATER THIS YEAR
We would like to express our gratitude to Dr Shane Oliver, Head of Investment Strategy and Chief Economist at AMP for making the trip to SA to share some very valuable wisdom at our Investor Insights Forum.
For those of you who weren’t able to join us, here is a preview of some highlights.
Please reach out to us if you would like a copy of the presentation.
You can view the full presentation via this link
DISCLAIMER: The Secured Income Notes detailed in this update are issued by Capital Prudential Diversified Development Fund Pty Ltd (ACN636 283 219) (CPDDF) as trustee of the Capital Prudential Diversified Development Fund (the Fund). CPDDF is a Corporate Authorised Representative of Capital Prudential Funds Management Pty Ltd (ACN 636 279 082, AFSL 524725) (CPFM). Capital Prudential Pty Ltd (ACN 634 875 273) (Capital Prudential) is the unitholder and Trust Manager of the Fund and is a Corporate Authorised Representative of CPFM. Capital Prudential is authorised by CPFM to provide advisory and dealing services in connection with the Fund to wholesale clients only.
The information has been only prepared for wholesale clients pursuant to section 761G of the Corporations Act (Cth) 2001 to provide general information only and Capital Prudential did not take into account the investment objectives, financial situation or particular needs of any person when preparing this information. It is not intended to take the place of professional advice and you should, before acting on this information, consider the appropriateness of this information having regard to your personal objectives, financial situation or needs.
Neither Capital Prudential, CPDDF or CPFM or any of their related parties, their employees or directors, provide any warranty of accuracy, completeness or reliability in relation to such information contained within this update or accept any liability to any person who relies on it. Neither Capital Prudential, CPDDF or CPFM guarantees repayment of capital or any particular rate of return from the investment. All opinions and estimates included in this update constitute judgements of Capital Prudential as at the date of the update and are subject to change without notice. Economic and outlook forecasts are not guaranteed to occur and past performance should not be taken as an indicator of future performance.
This update contains an incomplete description of features of the Fund and Secured Income Notes and should be considered in conjunction with the Information Memorandum and other transaction documents (which are available upon request). Investment in the Secured Income Notes is subject to risks including delays in repayment and loss of income and capital invested and is suitable only for potential investors who do not require liquidity for their investments.
^ The interest rate offered to you at this time may differ from other interest rates offered from time to time. For example, it may differ from the interest rate for any Secured Income Notes previously or subsequently offered and issued. The interest rate for each Secured Income Note will be the rate notified in writing when offered to you as an investor prior to your investment.
