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Monday, July 20, 2015 6:58:01 PM
About Primesite Developments
"The family run management team at Primesite have been developing properties since 2001.
Originally residential developers, the team built over 300 residential homes ranging from one bedroom city centre apartments to five bedroom detached executive homes.
Since 2008 however the team have diversified into various sectors including commercial office space, student accommodation and dementia care facilities, taking their portfolio tally to just over 800.
In tandem, the team also made a very distinct switch from bank funding to low-level private investment through cash and pension routes. The team have successfully raised entire project requirements through this method under ring fenced SPV style companies.
Wanting to bring together their entire product offering under one identity, the Primesite brand was born in 2011. Having successfully developed schemes and generating a track record for returns to investors ever since, the company will aim to raise 26-36 million in 2014 to develop property to the same value."
Sounds like their goal was to develope 26-36 million dollars worth of property last year. Not a public company yet (but soon thanks to $GEQU) so we do not know the actual numbers but they could generate millions in fees and equity for $GEQU as $GEQU helps them get listed on NASDAQ OTCQB.
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