Victorian Based Property Development Syndicate
BCP established a Joint Venture entity through the introduction of equity investors for the procurement of 6 development sites throughout Victoria and NSW. BCP jointly managed the planning and development approval process, whilst also negotiating the lease arrangements for each site with quality recognised long term tenants. An integrated funding package to cover land acquisition, construction and term investment was also a feature of BCP’s role. The funding package totalling $65 million consisted of a mix of Senior Debt (over $50 million) and fully subordinated Mezzanine Debt of $15 million. The Projects are a mix of fuel and fast food, serviced apartment and residential apartment assets and are currently under construction with 3 of the 6 now completed.
Melbourne based Hotel and Apartment Complex
BCP established a syndicate of investors to acquire and develop sites in East Brunswick and Ringwood in Melbourne as well as Artarmon in Sydney. BCP has jointly managed the planning and development process and also negotiated long term leases to underpin each of the development sites. A funding package which includes a mix of Senior and Mezzanine Debt has been arranged by BCP for the three developments. The stand-alone developments include the purchase and refurbishment of the East Brunswick Hotel, the purchase of a development site in Ringwood upon which an office and apartment complex will be constructed, and the purchase of an office complex in Artarmon which will be converted and refurbished into an office and serviced apartment complex.
Upper Hunter Developments Group
BCP arranged financing for the development of fuel and fast food complexes at Muswellbrook and Scone in the Hunter Valley. We also co-ordinated the long term lease arrangements with BP and several fast food chains and arranged takeout funding following completion of construction. Following several years of operation, BCP managed the sale process of the completed assets. BCP has subsequently negotiated the purchase of a new fuel and fast food site in Dandenong and have successfully arranged quality end tenants to the site.