Parkview Precinct
Alexandra Park
Product Type
Property Loan
Interest Rate
12% p.a
Payment
Monthly
Max LVR
75%
Parkview comprises over 16,000m2 of prime land in Epsom, Auckland, one of New Zealand’s most prestigious suburbs
This loan allows eligible investors to co-invest with Gleneagle, via a registered 2nd mortgage.
Parkview forms part of the Auckland Trotting Club’s broader Alexandra Park precinct, a strategic redevelopment transforming this landmark site into a vibrant urban community. The precinct has been master-planned to deliver a blend of residential, retail, and lifestyle spaces, supported by zoning under ‘Business – Mixed Use, Activity Areas’.
The development is owned and delivered by Gleneagle and its partners, allowing precision risk management and control.
The land totalling 16,114m2 has been subdivided into 7 lots
Lot 1 | 2,928m2 | Lot 2 | 1,971m2 |
|---|---|---|---|
Lot 3 | 2,594m2 | Lot 4 | 2,834m2 |
Lot 5 | 2,837m2 | Lot 6 | 2,950m2 |
Lot 8 | 8,265m2 (Basement under Lots 3 & 4) | ||
Sophisticated Investors
To be considered for this investment product; applicants must supply evidence they qualify as a Wholesale Investor within the meaning of Section 761G of the Corporations Act (Cth) 2001 in Australia
Investment Terms
The terms of this facility are as detailed in the Information Memorandum titled ‘Parkview Precinct’ and include those set out below.
Product Type
Interest Rate
12% p.a
Payment
Monthly
Fund | GE Parkview Lending Trust (the Fund) |
Lender | Investors apply for subscription of units in the GE Parkview Lending Trust (the Fund) (Units). Investors may request a copy of the Trust Deed if desired. |
Borrower | Joint and several co-borrowers: RT Parkview Pty Ltd ATF Gleneagle Parkview Trust and RT Parkview L6 Pty Ltd ATF Parkview L6 Trust |
Use of Proceeds | Working capital to support construction of The Stables and development of the wider Parkview precinct. |
Loan Security | 2nd ranking secured loan facility comprising an all asset charge over the Borrower(s) and registered 2nd mortgage over all 7 Lots, subordinated to the first ranking secured loan facilities. |
Property Value | On completion of The Stables East and West on Lots 5 and 6: $343,928,509 NZD anticipated net asset value on completion Residual land value of Lots 1-4: $48,668,000 NZD Residual land valuation reflects an independent assessment as at June 2023, with no adjustment applied for subsequent market movement, CPI, or site improvements. |
Maximum Loan to Value Ratio (LVR) | 75% (on an 'as if complete' valuation basis of The Stables East and West on Lots 5 and 6 and the residual land as is) |
Interest | 12% p.a. payable to investors monthly |
Loan Maturity | 30 April 2027 |
Minimum Investment | $50,000 AUD to Wholesale Investors within the meaning of Section 761G of the Corporations Act (Cth) 2001 in Australia, |
Loan Repayment | Early repayment allowed, at discretion of the Borrower |
Gleneagle Product | PARK12P2511 |
Stage One – West
| Hotel | 8 |
|---|---|
| Studio | 7 |
| 1 Bedroom | 25 |
| 2 Bedroom | 70 |
| 3 Bedroom | 20 |
The Stables is Parkview’s first activated building, strategically positioned to meet surging demand for quality, attainable urban living. While priced for broader accessibility, residents benefit from thoughtfully proportioned apartments, premium finishes, and detail well beyond the norm in this price bracket.
This commercial strategy enables immediate precinct activation, builds early brand credibility, and captures strong, diversified demand at a time of record low supply.
The Stables is Parkview’s first activated building, strategically positioned to meet surging demand for quality, attainable urban living.
Stage One – West
| Hotel | 8 | Studio | 7 | 1 Bed | 25 |
|---|---|---|---|---|---|
| 2 Bed | 70 | 3 Bed | 20 | ||
Developing in New Zealand
Australia and New Zealand share deeply integrated financial, legal, and trade systems. Both maintain a stable economic and legal framework, transparent property rights, and a development environment accessible to offshore capital. Yet, while the two economies are closely aligned, current conditions in New Zealand present distinct near-term advantages.
- Market Cycle Timing
- Migration Concentration
- Development Margins
Gleneagle’s approach to development and structured finance is guided by commercial viability, not borders. Download the IM to learn more about why we’re developing in New Zealand.
Decade-low supply, intensifying demand
Auckland faces a once-in-a-generation apartment shortage, with unsold stock at decade lows and new supply pipelines falling far short of projected migration demand. Large-scale projects benefit from both pricing power and speed of absorption into market, amplified by low institutional competition and government policies prioritising new supply.
- Low Available Inventory
- Market Uptake
- Supportive Planning and Infrastructure Policy
There is definitely, 100% a looming undersupply of apartments in Auckland, with a pipeline of just 3,020 units coming between 2025 – 2029
As quoted July 2025, CBRE Residential Symposium
– Tamba Carleton
Director Residential Research, CBRE
Meeting the Market
Typology mix, pricing, and yield strategy has been carefully structured to address immediate market demand and support robust presales.
By offering luxury and liveability in an accessible format, The Stables underpins Parkview’s momentum and paves the way for subsequent lot activations.
Positioned across Lots 5 and 6, the building is conceived as a single integrated structure with East and West wings, allowing for flexible staging and enabling agile response to early buyer uptake.
Ultra Premium
Classic
Epsom Balconies
Cardigan Bay
Queen of the Park
The Stables
Modern
Budget
2nd Mortgage Investment
This investment provides working capital, supporting precinct development, early works and presales activity for The Stables.
Frequently Asked Questions
This project meets Gleneagle’s strict investment criteria, and we are uniquely placed to capitalise on development opportunities, regardless of their geographic location.
We have a strong track record in delivering similar projects in New Zealand and have a close working relationship with all consultants involved, (both in Australia and New Zealand).
Where specifically noted, some financial figures have been reported in the project’s local currency – New Zealand Dollars (NZD). Investment is open to Australian residents.
Australian Investors: Your investment in this product, respective income payments made to you will be calculated and paid in Australian Dollars (AUD), and any reporting or statements provided to you, will always be in Australian Dollars (AUD). Investors therefore do not bear any currency risk.
This product is open only to Australian Wholesale Investors. Applicants must supply evidence they qualify as a Wholesale Investor within the meaning of Section 761G of the Corporations Act (Cth) 2001 in Australia.
This product is issued in Australia, and only open to eligible investors who reside in Australia.
Investors receive distributions from the Fund monthly.
Statements are provided to investors on a monthly basis, coinciding with distribution payments.
Financing Schedule
This loan will provide working capital to support construction of The Stables and development of the wider Parkview precinct.
- Detailed design documentation progressing across all disciplines
- Coordination of building services design, including fire, mechanical, hydraulic, and electrical systems
- Early construction works and demolition
- Geotechnical works and site assessments completed to inform foundation and construction methodology
- Engineering inputs integrated into the detailed design phase
- On-site show suite completed and operational with agents on site
- Broader marketing programme in market
- Debt takeout from new senior lending partner
- Construction drawdown
$392,596,509 Anticipated net assets value on completion
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