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South Africa, Development |
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Equity Requirement for a 812 hectare resort within the Addo National Elephant Park
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Subject to contract |
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The Requirement |
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£1.7m investment to get to grant of planning (c.12 months & very strong government support) |
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Concept |
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An 812 hectare destination resort development |
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Golf Course (with 36 holes designed by Nick Faldo), 3 hotels, 1,200 residences, 7 km of beach, sports facilities and conference centre |
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Location |
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Eastern Cape, South Africa in a malaria free zone (1 Hour East of Port Elizabeth) |
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Strategy |
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To enter into conditional contract to acquire the site – subject to planning |
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95% of pre-planning reports and surveys completed, including the master plan |
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Local bank funding interested to finance a proportion of land acquisition and development |
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3 hotels – MoU for 5 star hotel agreed |
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Deal |
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£1.4m+ invested to date for surveys, reports and design |
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£16m for purchase price of Land - upon planning |
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£56.2m is the estimated value of the Land with Planning |
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For further details contact Tim Mycock on
0845 210 5000 |
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or by email at tim@redchilli.com |
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Whatever your property project - investment, development, UK or Europe think Red Chilli Structured Finance www.redchilli.com |
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Red Chilli Structured Finance, Minories House,
2-5 Minories,
London EC3N 1BJ |
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The information in this email has been present by Red Chilli Structured Finance. Red Chilli has taken all reasonable care in the preparation of this document to ensure its accuracy. Where appropriate we may have relied upon assurances and opinion. Interested parties must undertake their own due diligence, in conjunction with their professional advisers, to satisfy themselves as to its veracity. Red Chilli gives no warranties as to the accuracy of any information supplied by it, now or subsequently, and can accept no liability for the actions of interested parties based on reliance of information provided by it.
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