FAQ's

The prospectus for the Villawood Residential Land Fund Ltd (Company) details the terms of the offer and if you wish to acquire shares, then you need to complete the application form accompanying the prospectus. Before completing the application form you should read the prospectus in full and consider whether or not the shares are appropriate for you.

Question:	Is this prospectus the only investment opportunity for Villawood Group of Companies’ existing investors or new investors?
Answer:	Yes … this is the only investment vehicle to be offered by Villawood moving forward in the foreseeable future. The Villawood Residential Land Fund is intended to be our primary vehicle investing for a diversified spread of projects. We have dedicated time, resources and our best management team to developing the fund and this offer will be the only opportunity for smaller investors to be involved with Villawood Properties. Once the capital raising is complete, the offer will close.
Question:	I’ve noticed that Villawood Properties has project managed some large projects in the past and recent announcements on the Villawood Properties website such as Alamanda and Marriot Waters raise the question ... Will the Villawood Residential Land Fund participate in large projects such as these when it aims to have a relatively small capital base?
Answer:	Many of Villawood’s large projects are structured as joint ventures with large institutional investors. As outlined in the prospectus, the Company may invest funds by directly purchasing the land to be developed, investing in property development companies or trusts or forming or funding joint ventures. By forming partnerships with these larger investors, it is anticipated that through the Villawood Residential Land Fund Ltd smaller investors will be able to participate in large residential subdivision projects.
Question:	Has the Company now invested in any development projects?
Answer:	Since the date of the prospectus, the Company has invested in both the Bayfield Road and Cookes Road project outlined in Section 4 of the prospectus.
Question:	Are existing shareholders of the Villawood Group of Companies investing in the Company?
Answer:	All existing shareholders have been sent an invitation to read the prospectus and have been informed that the Company is the only opportunity for them to continue to invest in future Villawood projects. A number of existing shareholders have already applied for shares.
Question:	Will the Villawood Group of Companies list on the Stock Exchange?
Answer:	The Directors have no plans of listing in the foreseeable future but the performance of this Company will establish our future reputation, so we will be working as hard as possible to ensure its success!
Question:	What is my investment in the Company?
Answer:	Unlisted fully paid ordinary $1 shares in a public company. The Company is not listed on any financial market or stock exchange.
Question:	Where can I obtain a prospectus?
Answer:	There are a number of ways to obtain a copy of the prospectus: Register on the www.villawoodresidentiallandfund.com.au and a printed copy will be posted to you. Download a copy of the prospectus from www.villawoodresidentiallandfund.com.au Visit the office of Villawood Properties, level 1, 6 Riverside Quay, Southbank, Melbourne. Visit the office of Stewarts, 141 View Street, Bendigo
Question:	When will the printed copy of the prospectus be available?
Answer:	Now.
Question:	How much does the Company intend to raise under this prospectus?
Answer:	The target is $18 million with discretion to accept an additional $10 million in oversubscriptions. Prior to the issue of the prospectus, the Company had already raised $2 million from entities associated with the Company's management team.
Question:	What are the investment objectives of the Company?
Answer:	The Company’s investment objective is to maximise returns to investors over the long term (that is not less than five years) and provide investors with potential capital growth from investing in a portfolio of diversified residential development projects.
Question:	When will I receive a dividend payment on my shares?
Answer:	The Directors intend to establish a diverse portfolio of development properties. The timeline of broad-acre residential property development dictates that costs such as the initial property purchase and  infrastructure (roads and services) are incurred in the development phase of the project.

The Company does not expect any of its investments to mature before three (3) years from the date on which minimum subscription is achieved.  Once the investments mature, the Company may begin to pay dividends to investors.  The Company intends to establish a regular dividend payment policy as soon as cash flow is generated from the realisation of development projects.

Question:	How much can I invest?
Answer:	The minimum investment is $10,000 and thereafter in multiples of $5,000.
Question:	Can I sell my shares?
Answer:	Yes, but there is no organised secondary market. Investors are free to transfer shares subject to the requirements of the Company's constitution and the Corporations Act 2001.
Question:	How will I receive a capital return on my investment?
Answer:	If the Company accumulates excess cash once its investments begin to mature, then the Board will consider whether it is appropriate for the Company to distribute this excess cash through the payment of special dividends or through a capital reduction by way of, for example, a share buy-back. One of the issues the Board will consider in making this determination is whether any excess cash can be employed in additional investments which meet the Company's investment criteria. A capital return to investors can also be made upon the winding up of the Company. However, please note returns are not guaranteed by any person.