Eden 218

Eden 218 is undertaking a development to build and sell 6 stunning business & residential mix use terrace houses. The development is set in a prestigious location close to Auckland’s top schools.

Raised$350,000
Minimum Goal$500,000
Progress
Start DateAugust 1, 2023
End DateMarch 31, 2024
Days Remaining1 month
Time left

(1) Offer Detail

The offer is for B Shares in Eden 218. Eden Development No. 1 LP owns all A Shares in Eden 218. There are no other shares or other financial products on issue.

The key details of the offer of B Shares are summarised below.

(a) Minimum investment target: $300,000 (for 30 B Shares)*

(b) Maximum investment target: $1,500,000 (for 150 B Shares)*

(c) Share class offered:  BShares (see Section 7 below for more information on B Shares)

(d) Share price: $10,000* per B Share

(e) Minimum investment: 5 (Five) B Shares(ie. $50,000)*

* All amounts are expressed in New Zealand Dollars.

This information is a summary only of terms in the Subscription Agreement provided with this offer. The offer is made under the Subscription Agreement and is subject to Eden 218’s Constitution and Shareholders’ Agreement. We recommend you read these documents before subscribing for any shares under this offer.

 

(2) Business

Eden 218 is carrying out a property development project at 218 Manukau Road, Epsom.  The Resource Consent application was lodged on 14 April 2020 and the Building Consent application was lodged on 30 September 2020, an RFI (request for information) from Auckland Council has been replied to andEden 218 does not anticipate any issues with the applicationsUpon completion of a successful crowdfunding offer, Eden 218 will develop the property according to the issued Resource Consent and Building Consent.

(a) Key Contractors

  • X Studio Architects (www.xstudio.co.nz) completed the building plans for the development.
  • Chester Consultants (www.chester.co.nz) completed the survey plan and fire design.
  • Landworks Consulting is the Civil Engineer.
  • SOLA Landscape Architects (www.sola.net.nz) completed the landscaping design.
  • MEC Engineering Consultants (www.mec.net.nz) completed the structure plan.
  • Auckland Construction Group (www.nzacg.co.nz) has tendered to be the head contractor, and the parties are negotiating the terms of the tender. The head contractor for the project has yet to be finalised.

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Financial Market Conduct Regulations – Warning statement about crowdfunding

  • Equity crowdfunding is risky.
  • Issuers (companies issuing shares) using Collinson Crowdfunding ’s facility include new or rapidly growing ventures. Investment in these types of businesses is very speculative and carries high risks.
  • You may lose your entire investment, and must be in a position to bear this risk without undue hardship.
  • New Zealand law normally requires people who offer financial products to give information to investors before they invest.
  • This requires those offering financial products to have disclosed information that is important for investors to make an informed decision. The usual rules do not apply to offers by issuers using Collinson Crowdfunding to raise funds. As a result, you may not be given all the information usually required. You will also have fewer other legal protections for this investment.
  • Ask questions, read all information given carefully, and seek independent financial advice before committing yourself to any investment.