Gateway on Palmer, Townsville

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eastwood

Overview

The offer provides investors with the opportunity to participate as joint developers of the Gateway on Palmer apartment complex, which is Townsville’s next generation in resort-style, managed and residential apartment accommodation. A 12 storey tower on the waterfront with a key CBD - fringe location. 112 apartments: - 24 residential - 88 managed.

The managed residential apartments not only capitalise on Townsville's ever increasing demand for luxury 4½ star short-term accommodation but also provide a unique opportunity for owner-occupiers seeking a contemporary urban lifestyle. The residential apartments on the top three floors are designed to cater for the needs of owner-occupiers seeking more spacious, luxurious accommodation. Spectacular views and a vibrant atmosphere create the ultimate city fringe residence.

Objective & Strategy
The objective of the Fund is to maximise returns to investors through the development of the Gateway on Palmer apartment complex. Quantum Management Ltd, is the manager and responsible entity of the Fund and actively manages the development.

The manager has selected the property based upon the sound diverse fundamentals of the Townsville economy, and will actively manage the development to maximise the value that is created through the development process. The manager has also employed multiple exit avenues for the successful sale of the completed apartments.

Key Information

Fund Name	Quantum Property Syndicate No.16
Open Date	August 2006
Close Date	December 2006
Fund Size	$14.2 million
Minimum Initial Investment	$50,000
Minimum Additional Investment	$1,000
Distributions	Calculated & paid annually