Versailles Capital is pleased to provide you with an update of our current projects.
- Parramatta project – Our Design Competition Brief package was lodged to Parramatta City Council 29th September 2021. Three well known Sydney Architects have been selected to participate in the competition with an expected competition start date of 11th November 2021. It is anticipated the winning architect will be selected before the New Year.
- Huskisson project – we are pleased to report that we have completed 100% presales of the residential units. Versailles Capital is now seeking to award the construction contract to a builder by the end of November. The project will have an estimated construction period of 8 months.
- Future Projects – Versailles Capital has in place a family office investor mandate to secure another 4 more projects for development. Versailles Capital is in current negotiations with another 2 land owners and is actively pursuing to secure these developments in the coming months.
About Versailles Capital
Versailles Capital was registered with the Australian Securities and Investments Commission as a proprietary company limited by shares on 22 August 2018. The registered office and principal place of business is Suite 1705, 17th Floor Westfield Tower Two, 101 Grafton Street, Bondi Junction NSW 2022. Versailles Capital Pty Ltd is a Corporate Authorised Representative (no. 001274101) of A2Z Financial Group AFSL 406275.
Versailles Capital is seeking investor/s for 3,173,640 of its remaining Investor Shares allocation. This equals 14.4% of the company
The team at Versailles Capital has decades of experience in property investment and financial services and we’ve come up with a different approach to the traditional buy and build model. We’ve found the sweet spot which adds the most value, is the most profitable part of the property development process and (if done properly) actually has less risk than buying land for development.
Through an industry leading property education channel we have access to a ready flow of sites which meet our financial and development criteria. We secure an option to buy these sites at a preset price and then we apply for Development Approval through the local council’s planning process. We make sure we fully understand the process and have all the bases covered to give us the best possible chance of securing that approval.
Once we obtain Development Approval for a site its value increases significantly, we capture that gain by selling to major developers and move on to the next project.