Australian Managed Funds Logo

Parkview, Auckland

8%

Per Annum Return

Interest Paid Monthly

1st Ranking Security

50% Max LVR

Parkview comprises over 16,000m2 prime land for the development of residential, commercial and retail buildings.

Over the last 12 months, GES and its consultants have worked on the purchase of over 16,000m2 of prime land in prestigious Epsom, Auckland, New Zealand.

The site is in the ‘Double Grammar’ zone, allowing access to New Zealand’s most sought-after public schools (Auckland Boys Grammar and Epsom Girls Grammar). Directly across the road from Cornwall Park, Auckland’s largest and most beautiful park, set on over 425 acres and one of Auckland’s largest medical centres – Greenlane Hospital.

This investment is to debt fund interim construction and development related costs and expenses.

Fixed price construction contract

Desirable site location next to Cornwall Park and Alexandra Park

Proven team of builder, architects and financial sponsors with a strong track record of delivering completed projects

Straight forward build with high-end finishes; well suited to upscale and prestigious surrounding suburbs

Sophisticated Investors

To be considered for this investment product; applicants must supply evidence they qualify as a Sophisticated Investor.

Key Work Completed

November '21

Preliminary Geotechnical boreholes completed

December '21

Preliminary schemes developed

February '22

Ground condition report completed

March '22

Fixed price construction contract agreed with CMP

March '22

Boundary realignment of land and council approvals received

April '22

Architectural plan and design work for Resource Consent completed for Stage 1

May '22

Pre-sales campaign commenced

Investment Terms Summary
Borrower

Gleneagle Parkview (NZ) Limited

Investment Loan

Bridging Loan

Interest

8% p.a. payable monthly

Loan Amount

Up to AUD $8,000,000

Loan Term

12 Months

Max LVR

50%

Investment Close

This investment is strictly first-in, first-served

Minimum Investment

AUD$50,000 (open to sophisticated investors within the meaning of section 708(8) of the Corporations Act only)

Exit Strategy

Refinance by senior investment & construction finance

Loan Repayments

Early repayment allowed subject to a minimum 6 months interest period

Loan Security

1st Ranking Secured Loan Facility comprising an all asset charge over the Borrower

CMP Construction & On Track Developments

On Track Developments and CMP Construction offer over 30 years’ experience as a successful Auckland construction company specialising in large commercial and industrial developments. CMP specialises in large-scale new commercial buildings – multi-storey apartments and offices, industrial and warehouse buildings. On Track Developments are the developer for Gleneagle Parkview (NZ) Ltd.

Parkview on Cornwall

Parkview on Cornwall’s first two buildings, Queen of the Park and Cardigan Bay, comprise 190 New York Inspired Apartments. 

1

Westhaven Marina

2

Auckland Grammar

3

Skytower and Casino

4

Auckland Hospital

5

Auckland University

6

St Cuthberts College

7

ASB Showgrounds

8

Mt St John Domain

9

Auckland Motorway

10

Auckland Museum

11

Vector Arena

12

Mt Hobson

This Product is Delivered by Gleneagle

Gleneagle Parkview (NZ) is a subsidary of Gleneagle Securities Ltd.

Through its Asset Management arm, Centennial Property Group, Gleneagle has approximately $1.5bn in property under management and a development pipeline of $778m.

Invest at the Source

Leverage Gleneagle’s relationships and buying power to gain access to the same investment vehicles used for their own bank capital.

Rigorous Due Diligence

Each deal is subject to extensive credit assessment, compliance, and underwriting conditions. Each year, only a select few meet Gleneagle's strict criteria.

Aligned Interests

All deals we facilitate and put forward to you are coinvested by Gleneagle, ensuring our interests are always aligned with yours.

$1.2B

Funds under management and advice

108

Team members globally

56,000 +

Clients and counting

≈ $ 2.3B +

Traded through Gleneagle daily

Access Offer

To learn more about this opportunity and access the offer documents, please get in touch.

By clicking submit, I agree to the terms of Share Prices' & Australian Managed Funds' Financial Services Guide and to be contacted, in accordance with the Privacy Policy.