aaa · real estate investment fund (reif) aaa thailand resort development fund (trdf) aaa emirates...
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AAAVenture Fund
Investment update 2009Q3
Thailand Resort Development Fund (TRDF)Segregated Portfolio
Introducing the AAA Venture Fund
• AAA Venture Fund SPC Ltd is a mutual fund, incorporated in the Cayman Islands and regulated by Cayman Islands Monetary Authority (CIMA). The fund is administered by Sovereign Trust and audited by KPMG. The fund. It offers a transparent and efficient Asset Management service to discerning investors
• Asset Allocation Advisors Group Ltd is the fund’s Investment Manager. The mandate is to create above-market investment returns by participating in carefully selected Real Estate developments
• We believe that the main aim of every Investor is long term capital preservation, while achieving steady and consistent returns, two elements that represent the core of our investment philosophy
• Our wealth of experience in the financial industry, combined with strategic alliances in the Real Estate Development sector, has led us to participate in multiple projects beneficial to our investing partners
Key partners
Valuers
Investment managerAdministrator Fund auditor & Tax advisor
Cayman Islands legal advisor
Company regulated by the Cayman Islands Monetary Authority
Due Diligence lawyers
CustodianFinancial controller
Master fund structure
A SEGREGATED PORTFOLIO COMPANY FUND
AAA Venture Fund(Master Feeder Fund)
AAA Real Estate
Investment Fund (REIF)
AAA Thailand Resort
Development Fund (TRDF)
AAA Emirates Property
Development Fund (EPDF)
AAA Group Senior management team
Peter ObristBusiness Economist SEBA Chairman & CEO
Over 20 years experience as a financial consultant
Highlights:
Founder of AAA Venture Fund, raised funding capital for Real Estate projects US$ 60MIFA Hong Kong Merrill Lynch Abu DhabiUBS Zurich and Abu Dhabi
School of Management & Law, ZHAW, Zurich UniversityWrites and speaks English, German, Spanish, FrenchSwiss Nationality
Key roles:
Fund managementFinancial supervision and controlAsset allocationStrategic finance
Richard McCandlessACIB, MCIMManaging Director
Over 25 years experience in finance and property
Highlights:
Founder of mc2 Tropical PropertyRegional Director, Asia Pacific, Foote Cone & BeldingGroup Chief Executive, Publicis Financial Lloyds Bank Plc.
Associate Chartered Institute of BankingMember Chartered Institute of MarketingBritish Nationality
Key roles:
Sourcing quality investmentsProject structuringOffshore structuringFund management
Offices
We appreciate your time reviewing this portfolio. For further information, please contact ...
AAA Group LimitedAAA Group LimitedLevel 39, One Exchange Square, 8 Connaught Place, Central, Hong Kong
Level 39, One Exchange Square, 8 Connaught Place, Central, Hong Kong
General line : 852 3101 7211
Office fax : 852 3101 7212
AAA Group LimitedAAA Group LimitedP. O. Box 93697Abu Dhabi, UAEP. O. Box 93697Abu Dhabi, UAE
General line : 971 50 6122 927
Office fax : 971 2 681 4132
AAA Group LimitedAAA Group LimitedLevels 8 & 9, Zuellig House Building, 1 Silom Road, Bangrak,Bangkok 10500,Thailand
Levels 8 & 9, Zuellig House Building, 1 Silom Road, Bangrak,Bangkok 10500,Thailand
General line : 66 2 231 8158
Office fax : 66 2 231 8121
Email : [email protected] Website: www.aaagroupltd.com
AAAThailand Resort Development Fund (TRDF)
Segregated PortfolioInvestment update 2009Q3
AAA
AAA Venture Fund(Master Feeder Fund)
AAA Real Estate
Investment Fund (REIF)
AAA Thailand Resort
Development Fund (TRDF)
AAA Emirates Property
Development Fund (EPDF)
Panorama Samui(Outrigger)
Panorama Phuket(Langham Place)
Name Location Brands Gross sale-able value
Development profit
Required equity funding
PANORAMA Phuket Ao Po Bay
Luxurybrand to be announced
USD125mio USD42mio USD19.5mio
PANORAMA Samui
Khao Laem Yai USD78mio USD17mio USD14mio
Project summary
* based on financial feasibility assessments independently compiled by ACH Management
Investment Model
TheDevelopment
BULK BUYER
WHOLESALE TERMS -
BUYS 30% OF PROJECT REAL ESTATE
HOTEL OPERATOR
WHOLESALE TERMS-
BUYS 20% OF PROJECT REAL ESTATE
BANK
CONSTRUCTIONFINANCE
-LENDS 60% OF CONSTRUCTION
AAA invests in Resort and Lifestyle development projects where Developers have successfully made early placements of project real estate
inventory to strategic partners. This creates a day-1 closed loop financing model, limiting demands for core capital, heightening
returns and reducing exposure to retail sales volatility.
US$ 25mio net return
Sample returns forecast - PANORAMA Phuket*
Investor return 128% ROI over 2.5 years
AAA Thailand Resort Development Fund
PANORAMA Phuket
US$ 42mio+ Profit
Project promotion
25% 75% 80%
US$ 19.5mio investment
Project marketing
Development management
Investment supervision
60% of project profits40% of project profits
* based on financial feasibility assessments independently compiled by ACH Management
Construction management
128% Return on Capital
PROJECT
STATUS SALES STATUSDESIGN DEVELOPMENT
PANORAMA PHUKET146 APARTMENTS, 8 VILLAS, UPSCALE RESORT
PANORAMA PHUKET
LAND OWNED, FEASIBILITY STUDY, 25% PRE-SOLD
PROJECT
STATUS SALES STATUSDESIGN DEVELOPMENT
PANORAMA, PHUKET146 APARTMENTS, 8 VILLAS, UPSCALE RESORT
LAND OWNED, FEASIBILITY STUDY, 25% PRE-SOLD
DEVELOPMENT CONCEPT146 LUXURY ALL-POOL OCEAN VIEW APARTMENTS. 8 ABSOLUTE BEACHFRONT VILLAS. 264 HOTEL KEYS.
Development teamArchitect Original Vision
Interiors Original Vision
Landscaping TBC
Management TBC
QS TBC
Construction TBC
Project management TBC
Legal Mayer Brown
Accounting RSM NW
PANORAMA PHUKET
Key numbers
Gross real estate sales
USD125M
Total project costs USD83M
PBT USD42M
Pre-sales 25%
PROJECT
STATUS SALES STATUSDESIGN DEVELOPMENT LAND SECURED, 25% PRE-SOLD
PANORAMA KOH SAMUI176 APARTMENTS, 12 VILLAS, UPSCALE RESORT
PROJECT
STATUS SALES STATUSDESIGN DEVELOPMENT LAND SECURED, 25% PRE-SOLD
PANORAMA KOH SAMUI176 APARTMENTS, 12 VILLAS, UPSCALE RESORT
Core teamArchitect Woods Bagot
Interiors Woods Bagot
Landscaping Woods Bagot
Management Outrigger
QS TBC
Construction TBC
Project management TBC
Legal Mayer Brown
Accounting RSM NW
Key numbers
Gross real estate sales
USD78M
Total project cost USD61M
PBT USD17M
Pre-sales 25%
FOUR SEASONS
AAA VENTURE FUND - THAILAND RESORT DEVELOPMENT FUNDFACTSHEET
Offices
We appreciate your time reviewing this portfolio. For further information, please contact ...
AAA Group LimitedAAA Group LimitedLevel 39, One Exchange Square, 8 Connaught Place, Central, Hong Kong
Level 39, One Exchange Square, 8 Connaught Place, Central, Hong Kong
General line : 852 3101 7211
Office fax : 852 3101 7212
AAA Group LimitedAAA Group LimitedP. O. Box 93697Abu Dhabi, UAEP. O. Box 93697Abu Dhabi, UAE
General line : 971 50 6122 927
Office fax : 971 2 681 4132
AAA Group LimitedAAA Group LimitedLevels 8 & 9, Zuellig House Building, 1 Silom Road, Bangrak,Bangkok 10500,Thailand
Levels 8 & 9, Zuellig House Building, 1 Silom Road, Bangrak,Bangkok 10500,Thailand
General line : 66 2 231 8158
Office fax : 66 2 231 8121
Email : [email protected] Website: www.aaagroupltd.com