Club

The Club

At Parkview on Cornwall

Product Type

Property Loan

Interest Rate

12% p.a

Payment

Monthly

Max LVR

75%

Summary

Terms

Staging

Apply

Summary

Parkview comprises over 16,000m² prime land in Epsom, Auckland, one of New Zealand’s most prestigious suburbs

The development is owned and delivered by Gleneagle and its partners.

Stage 1 of the master plan comprises delivery of ‘The Club’ on Lot 2.

This loan allows eligible investors to co-invest with Gleneagle, via a registered 2nd mortgage.

Funds will contribute toward early works and land refinancing of Lot 2.

Land refinancing is scheduled to conclude Q2 2024, at which time Gleneagle will offer a registered 1st mortgage over Lot 2 (‘The Club’).

Investors in this product reserve the right to novate their units into the 1st mortgage at that time. Refer to the terms for more information.

Master Plan and Zoning

The Parkview development forms part of a subdivision to Auckland Trotting Club land, known as Alexandra Park

Consent to the subdivision was granted by Auckland Council in March 2022 and 3 individual titles were issued.

Current Titles:


Lot 1	4,873m²	1049333 – Greenlane West, Epsom, Auckland
Lot 2	6,519m²	1049334 – Greenlane West, Epsom, Auckland
Lot 3	4,714m²	1049335 – Greenlane West, Epsom, Auckland
Total	16,110m²

The land totaling 16,110m² then underwent an application for further subdivision into 7 individual lots. Consent to the subsequent subdivision has been granted, and new titles are anticipated to be issued Q1 2024.

Income Paying Investment - Property Loan Security

All lots are zoned ‘Business – Mixed Use, Activity Areas’

This poses incredibly unique development potential, allowing Gleneagle to capitalise on changing market demands. Parkview’s master plan has been strategised to provide a mix of retail, residential, hotel, senior living and lifestyle offerings, catering to the extensive interest received from both local operators and prestigious international brands.

Sophisticated Investors

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

Learn More

Investment Terms

Interest Rate

12% p.a

Payment

Monthly

Max LVR

75%

Borrower	RT Parkview Pty Ltd as trustee for Gleneagle Parkview Trust (Borrower)
Lender	Investors apply for subscription of units in the GE Parkview Lending Trust (Units). Investors may request a copy of the trust deed if desired.
Use of Proceeds	Land refinancing of Lot 2 and early works for Lot 2 (‘The Club’). Refinancing of Lot 2 is scheduled to conclude in Q2 2024, at which time Gleneagle will offer a registered 1st mortgage over Lot 2.
Property Value	On Completion of ‘The Club’ on Lot 2: >$217.3m NZD anticipated net asset realisation (less GST) Residual land value of Lots 1 & 3: $46.9m NZD Note: Figures only incorporate value brought by development on Lot 2. Does not consider the value of future stages detailed in the master plan (across Lots 1 and 3), nor the value of approved subdivision into 7 lots.
Loan Security	2^nd ranking secured loan facility comprising an all asset charge over the Borrower and registered 2nd mortgage over Lots 1, 2 and 3. This security ranks behind senior financing currently drawn to ~$52m, which will be further drawn down, in conjunction with the construction schedule.
Right of Novation	A registered 1^st mortgage over Lot 2 (The Club) is scheduled to become available in Q2 2024. Investors reserve the right to: Novate their Units into the 1st registered mortgage. The 1st ranking debt facility will offer 9% p.a interest, with an updated term sheet presented to investors for their consideration at that time. Elect for their Units to remain within this 2^nd registered mortgage over Lots 1, 2, and 3 until the loan maturity.
Max LVR	75%
Interest	12% p.a., payable to investors monthly
Loan Maturity	31 October 2024
Minimum Investment	AUD$50,000 (open only to sophisticated investors within the meaning of section 708(8) of the Corporations Act)
Loan Repayment	Early repayment allowed, at discretion of the Borrower.
Product Code	PARK12P2312T2

Project Staging

Stage One

The Club

Luxury Apartments

Stage Two

YOTEL

Luxury Smart Hotel

Stage Three

Queen of The Park

Managed Luxury Retirement Living

Cardigan Bay

Bespoke Residential Apartments

Stage Four

Virgin Active

Luxury Gym Facility

Parkview Suites

Serviced Apartments

Get started and join hundreds of investors who choose to partner with Gleneagle

Gain access to the term sheet containing Stage 1 Schedule, Project Financials and more

By clicking submit, you agree to the terms of Gleneagle’s Financial Services Guide and to be contacted, in accordance with the Privacy Policy.

The Club

Lot 2 - 6,519m²

This loan allows eligible investors to co-invest with Gleneagle via a registered 2^nd mortgage. Proceeds will be used to support land refinancing and early works for Lot 2 (The Club).

Refinancing is scheduled to conclude Q2 2024, at which time Gleneagle will offer a registered 1st mortgage over Lot 2.

Investors in this product reserve the right to novate their units into the 1^st mortgage at that time. Refer to the terms for more information.

Apply Now

Individual

Joint

Company

Trust

SMSF

Start Application

Individual
Joint
Company
Trust
SMSF

Individual Application

You

You’ll need to supply some details about yourself.
If we are unable to electronically verify your identity, you will also be asked to supply two forms of identification:

Photo ID

Current driver’s license, passport or national ID card

Proof of Address

Utility bill or bank statement from the last 3 months

Joint Application

You and Another Applicant

You’ll need to provide details about yourself and the other applicant. If we are unable to electronically verify your identities, you will each be asked to supply two forms of identification:

Photo ID

Current driver’s license, passport or national ID card

Proof of Address

Utility bill or bank statement from the last 3 months

Company Application

The Company

You’ll need to provide details about the Company. We’ll reference the information you provide against an ASIC extract to validate the identity.

Directors and UBOs

As part of your application, you will be asked to supply some details about the Directors and Beneficial Owners. If we are unable to electronically verify their identities, you will also be asked to supply two forms of identification for each applicant:

Photo ID

Current driver’s license, passport or national ID card

Proof of Address

Utility bill or bank statement from the last 3 months

Trust Application

The Trust

You’ll need to provide details about the Trust. If the Trust type is unregulated, or if we are unable to electronically verify the identity, you will also be asked to supply:

Copy of the Trust Deed

This must be certified by a Justice of the Peace

UBOs and Individual Trustees

You’ll need to provide details about the Ultimate Beneficial Owners (UBOs) and Trustee(s).
If we are unable to electronically verify their identities, you will also be asked to supply two forms of identification for each applicant:

Photo ID

Current driver’s license, passport or national ID card

Proof of Address

Utility bill or bank statement from the last 3 months

Settlor of the Trust

At the time the trust was established, did the Settlor of the Trust make a material asset contribution to the trust of more than $10,000? If yes, you will be asked to supply details about this person. If we are unable to electronically verify their identity, they must supply two forms of identification:

Photo ID

Current driver’s license, passport or national ID card

Proof of Address

Utility bill or bank statement from the last 3 months

Corporate Trustee

If the trustee is a private or public company, you will be asked to supply details about the company.

Self Managed Superannuation Fund (SMSF) Application

The SMSF

You’ll need to provide details about the SMSF. If we are unable to electronically verify the Fund’s identity, you will also be asked to supply:

Pages from the Trust Deed

Front cover page, Schedule page, Signature / Execution page

UBOs and Individual Trustees

You’ll need to provide details about the Ultimate Beneficial Owners (UBOs) and Trustee(s). If we are unable to electronically verify their identities, you will also be asked to supply two forms of identification for each applicant:

Photo ID

Current driver’s license, passport or national ID card

Proof of Address

Utility bill or bank statement from the last 3 months

Corporate Trustee

If the trustee is a private or public company, you will be asked to supply details about the company.

Learn More

To learn more about this investment opportunity, please get in touch.

First Name

Last Name

Phone

Message

The Club

At Parkview on Cornwall

Product Type

Property Loan

Interest Rate

12% p.a

Payment

Monthly

Max LVR

75%

Summary

Parkview comprises over 16,000m2 prime land in Epsom, Auckland, one of New Zealand’s most prestigious suburbs

Master Plan and Zoning

The Parkview development forms part of a subdivision to Auckland Trotting Club land, known as Alexandra Park

Current Titles:

All lots are zoned ‘Business – Mixed Use, Activity Areas’

Sophisticated Investors

Investment Terms

Interest Rate

12% p.a

Payment

Monthly

Max LVR

75%

Project Staging

Stage One

The Club

Luxury Apartments

Stage Two

YOTEL

Luxury Smart Hotel

Stage Three

Queen of The Park

Managed Luxury Retirement Living

Cardigan Bay

Bespoke Residential Apartments

Stage Four

Virgin Active

Luxury Gym Facility

Parkview Suites

Serviced Apartments

Get started and join hundreds of investors who choose to partner with Gleneagle

Gain access to the term sheet containing Stage 1 Schedule, Project Financials and more

The Club

Lot 2 - 6,519m2

Apply Now

Individual Application

You

Joint Application

You and Another Applicant

Company Application

The Company

Directors and UBOs

Trust Application

The Trust

UBOs and Individual Trustees

Settlor of the Trust

Corporate Trustee

Self Managed Superannuation Fund (SMSF) Application

The SMSF

UBOs and Individual Trustees

Corporate Trustee

Learn More

To learn more about this investment opportunity, please get in touch.

Never Miss an Opportunity

Receive the Latest

Sorry, this opportunity is now closed

Parkview comprises over 16,000m² prime land in Epsom, Auckland, one of New Zealand’s most prestigious suburbs

Lot 2 - 6,519m²