A Rare Cash Flow Investment Opportunity.

Transcription

1 Building Communities with Leadership and Integrity With a population now exceeding 165 million, Nigeria needs more family and student housing! BVER is helping to solve this problem with its Legacy Student Housing Developments A Rare Cash Flow Investment Opportunity. Legacy Student Housing Developments LAGOS. ABUJA. TORONTO. NEWYORK. LONDON

2 Lagos Domestic Airport MMA2 Contents P3. Company Profile P4. Why invest in Africa P5. Why invest in Nigeria P6. What is BOT Student Housing P7. Investment Offering P8. Investors Protection P10. Client FAQ S

3 Company Profile BVER Group is a consortium of Designers, Planners, Engineers, Consultants and Technical specialists offering a broad range of professional services that successfully guides development projects through all stages of the project cycle. The Group provides unrivaled strategic and technical consulting services that enable clients to participate in high-value development projects with ease and confidence. Through our Project Development and Management Process (PDM), the Consortium analyzes project concepts, brings in technical advisors to effectively design the project. This ensures an optimum PDM process. BVER Properties is a division of BVER Group. It manages and offers prime Real Estate properties and investment opportunities to clients. BVER Properties also offers Nigerians in Diaspora a secured trading process they can trust. Building Communities with Leadership and Integrity Advisory Board Sir (Architect) Gabriel Oladipupo Ajayi (MNIA, KJW) Sir (Architect) Gabriel Oladipupo Ajayi is an acclaimed award wining Architect with a Bachelor of Science and Master of Science degrees in Architecture from the University of Ife, Ile Ife in 1982 and in 1984 respectively. He is a member of Nigerian Institute of Architects (NIA) and a registered member of Architect Registration Council of Nigeria (ARCON). Sir Ajayi, worked with the Lagos State Development and Property Corporation for about 7 years where he acquired experience in architectural practice, construction management and Real Estate Development. He became a Principal Architect before leaving to set up his own private practice Spatial Design Consults Ltd, in 1991 with completed projects ranging from schools, private estates, banking, religious institutions and recreational centers during which he became the Master Architect for Delta State higher education (in five polytechnics in the state.)an entrepreneur, community leader and philanthropist, he was: A non executive director of the Triumph Bank Plc, Member of Ekiti State Economic Council, Member of the governing council of Afe Babalola University Ado-Ekiti, Chairman of Anchorage Micro Credit Bank Ltd, Abuja and A Knight of John Wesley KJW Chief Oyekunle Alex-Duduyemi (OFR) Chief Alex O. Duduyemi graduated from North Western Polytechnic, Kentish Town, N/W London and Lincoln s INN, Law School, London. He is a Barrister and solicitor of the Federal Supreme Court of Nigeria and Barrister at Law of the Lincolns Inn, London. Chief Alex O. Duduyemi was a member of Federal Delegation to 20th Session of the United Nations General Assembly, New York, USA He is the Chairman of several companies among which are Bolex Holding Ltd, Equity Shipping Company Nigeria Ltd, Network Oil Exploration and Production Nigeria Ltd and Bureau Veritas Nigeria Ltd (BV). Chief Alex O.Duduyemi is also a member of numerous Social Organizations which include: Metropolitan Club Lagos, Island Club Lagos and Nigerian Fishing Trawlers Association. P3.

4 Invest In Africa The Worlds Fastest Growing Middle Class Growth! Zuma Rock Abuja Why Invest in Africa? Africa may be the last great ground for untapped international investment opportunity left on earth. Forward-thinking investors have the opportunity to get into Africa now, before the continent makes a transformation from an impoverished agrarian subsistence economy to a modestly prosperous and more urban consumer-based economy. The continent s present image creates an opportunity for today s smaller investors. The International Monetary Fund (IMF) is predicting that no continent will grow more strongly over the coming years. 70% of the world s fastest growing economies are in Africa. P4. African investments, broadly speaking, are cheap relative to their growth potential.

5 National Arts Theatre Iganmu Nigeria is open for Business MM2 Lagos Ring road Lagos Isaland Ring road Lagos Isaland Why Invest In Nigeria? Ikoyi Bridge Foreign direct investment (FDI) is pouring into Nigeria. In 2012 FDI exceeded $77 billion, up 500% from a decade earlier. The International Monetary Fund (IMF) projects that seven of the ten fastest growing economies in the world from will be in sub-saharan Africa with Nigeria projected to notch economic growth of 6.8% per annum through Value! As of April 2006, Nigeria became the first African Country to fully pay off her debt. Nigeria is Africa s foremost business destination second only to South Africa. Nigerian cities currently have a massive lack of housing; there is an immediate need of hundreds of housing units with a 16 Million housing unit deficit. Nigeria s 165 million people are mostly young with 40% of the population under the age of eighteen. This is a key factor in positioning the country as a global manufacturing hub. As with early investors in Asia and Latin America, we believe that investment pioneers in Nigeria are likely to find the journey challenging and often unpredictable, but ultimately very rewarding in the long run. P5.

6 What is BOT Student Housing? One major policy of the Federal government of Nigeria (FGN) is to develop the economy and the university system as a subset, in the Build Operate and Transfer (BOT). This is part of the grand policy of devolving and sharing developmental efforts with the private sector in what is known as the Public Private Partnership (PPP). In an effort to get around inadequate financing funds that is hindering the developmental efforts in the country, a legal agreement has been signed between select universities in Nigeria and our company for the construction of student housing on university campus lands. A power of attorney has also been executed conferring a THIRTY (30) YEAR land title to the Company. Demand? The existing state of supply of student accommodation in public universities has witnessed unimaginable shortfalls, which are continually aggravated yearly by the increase in student enrolment. This has created a monumental shortfall in the supply of student accommodation overwhelming the university authorities and their sponsor (FGN) who has repeatedly been beset with severe paucity of funds in meeting their obligation. The high population and population growth rate in Nigeria also serves as a contributing factor to the housing shortage. According to a development analysis done by the World Bank in 2012, Nigeria has a population of 165 Million and an annual population growth rate of 2.6%. This same statistic projects an increase in the number of admitted college students seeing as the country s literacy rate currently stands at 65% according to the United Nations Educational, Scientific & Cultural Organization (UNESCO). These are the facts driving the demand for the Legacy Student Housing Development Project as a novel solution to this rising epidemic. Proposal P6.

7 Investment Offering With an overwhelming demand for this property type and an ongoing deficit of supply, these units (Student rooms) will be constructed using institutional and investor funds and rented annually to the students and leased to investors for a minimum of 25 years. With the net cash flow created by the management of this facility, Participating investors earn an annual rental income on each unit for a 25 year lease period. Acquisition Cost: Each room is offered for sale at a discounted off plan rate. However, limited numbers of rooms are currently being sold as BVER retains a percentage of units as rentals and ensures effective property management and maintenance Revenue: The projected net annual rental income per room is based on past performance after all maintenance and management fees have been deducted. University of Ife Student Housing - Completed P7.

8 For Investors Compensation Plan: Become a BVER Legacy partner as you immediately earn an additional 2% rebate on one of your unit(s) for each referred investor on the year of referral. MM2 Lagos Falomo bridge Rights to Sell: At any time in the life of this acquisition a purchaser can exercise the option to realize their investment, the developer MUST be given a first right of refusal to purchase back the suites. Note that these units can only be rented to bonafide students of the university. Investor pooling option: This structure allows 2 or more investors to pool funds for the purchase of one or more units Investors protection: 1. Low entry level product. 2. Warranty Certificate. 3. Potential future annual rental income increase. 4. Low vacancy rates due to high demand. 5. Clear and defined University backed development strategy. 6. Partnership with Axial Construction - Award winning Architects and Developer with proven track record. Foreign Investors protection 1. Development is on University land which can be readily verified by third parties. 2. Development construction is by Axial Construction Nigeria - A trustworthy award winning company with over 25 years of delivering quality on major private and public projects with proven track record. 3. Investor funds are not released to project until contract documents are checked and verified by BVER Group Canada. 4. Investor Diaspora bank account option with and text alert systems and token to track rental payments, access online banking to transfer funds internationally and locally. 5. Investor s funds are protected with BVER Group Canada. This ensures that funds can only be released under the terms of the buyer contract. P8.

9 Invest in the Youths Build a Community Leave a legacy for generations yet unborn P9.

10 Client Frequently Asked Questions Q: What are the ongoing fees associated with management during the lease term? A: There are no on-going fees. The rental income paid to you is generated after management costs have been deducted. Once you place your funds in the trust account your 12 month cycle begins. Q: If the developer goes bust part way through the project, what safeguards are in place to protect the investors money? A: This is a valid question with most developments however the risk of this to our clients is zero. Your funds are placed in a trust account. Hence your funds will still be in the trust account if the project does not go ahead. Q: Is this investment 100% guaranteed? A: The investment is SECURED by the physical structure of the completed building and provides you a steady cash flow as rental income. There is an inherent element of risk in our investment but it is minimized with the minute vacancy rates in these units due to the high demand and housing shortage. This is the nature of the investment and the extent of the investors risk. Q: Who will manage my unit and collect rents as needed? A: BVER Properties will act as your agent in the management of the property. Clients are welcome to use other third party agents. Q: Can I sell the unit immediately after completion? A: Yes, Clients may opt to sell the unit anytime after completion. However the developer must be given the first right of refusal to buy back the unit. P10.

11 Building a Better Nigeria Coming Soon... Register Now for updates Ife Oye Ekiti Lagos P11.

12 Investing in Africa made easy Invest in Nigerian Real Estate - The Safe Way Our Offices Toronto, Ontario Canada Powered by: BVER Group Corp 1500 St Clair Avenue west Toronto Ontario, M6E 1C8 Tel: +1 (866) (416) info@bvergroup.net Architecture & Engineering Construction Facility Management Another development by Lagos, Ikoyi Nigeria BVER Investments & Realties Ltd Block D, House 6. Osborne Terrace House, Udi Street, Osborne-Ikoyi. Lagos Tel: +(234) info@bvergroup.net Disclaimer: The information presented in the document has been provided for information purposes only and does not form part of any contract.