How Do Syndicates Work?
Syndication offers small and large investors the chance to participate in the ownership and development of vacant land, residential apartments, and commercial developments. Through the development process, we generate profits to investors. Watch your investment grow and take shape as it moves through planning, construction or subdivision, and ultimate end sale.
The process works like this:
Progress Developments identifies a strategically located development site and assesses the opportunity.
Progress Developments sets up the syndicate company or trust ("syndicate').
Progress Developments negotiates and completes the purchase of the land parcel by the syndicate. Independent experts including lawyers, engineers, economists, valuers, planners and accountants are commissioned as part of the rigorous due diligence.
The offer is made to investors through a prospectus or product disclosure statement (referred to as an 'offer document) lodged with ASIC. Investors registered with Progress Developments receive the offer document, complete the application if they wish to invest and then receive their investment allocation.
Progress Developments assigns an experienced project development and sales marketing team.
The required planning and development approvals are sought and obtained.
Stage one construction commences and the first lots are released for sale.
Construction and sale of lots continue in staged releases throughout the life of the project.
Security holders are kept informed on the progress of the development through regular updates.
As company profits emerge, dividends are paid to security holders and capital is also returned progressively, as funds, taxation legislation and legislation permit.
The development is completed, the syndicate is wound up and final dividends and returns of capital are made to security holders.