OPPORTUNISTIC DISTRESSED LAND ACQUISITION > GREENFIELD DEVELOPMENT > OPERATING ASSET
ACQUISITION: 2011
EXIT DATE (PARTIAL): 2017
ASSET DETAILS: TWO 1,500M² LUXURY VILLAS WITH 7-8 BEDROOMS,
COMMANDING SEA VIEWS, PREMIER LOCATION
Investment Summary
Distressed land acquisition during GFC asset dislocation. Acquisition process was completed by enforcing contractual purchase rights over the land.
Development of two villas to capture high-end rental guests and event organisers. The asset generates some of the highest annual revenues on the island.
One villa was sold in 2017 at an attractive cap rate, the other villa has been deliberately maintained given the strong yield.