Lapeng Heights

Lapeng Heights

1.1. The Joseph Company presents an opportunity for equity partnership and investment in the affordable rental housing market. 1.2. As part of its Broad Based Economic Empowerment strategy, Reboneatang Property Solutions Pty. Ltd. offers an equity partnership/investment opportunity in the affordable housing market. 1.3. The current equity offering is based on the development known as Lapeng, situated on Erf 68 Cnr Park Road and Hospital Road, in Cullinan, Pretoria. The development entails purchasing a vacant land and completing a 3 Storey building for affordable residential rental scheme. Lapeng is suited to provide the Cullinan citizenry with the most accessible and best affordable city living as accommodation or affordable rental housing for employees of the Petra diamonds. The development offers easy access to the Petra diamonds mine, Cullinan town, schools, shops, restaurants, museums and filling stations. 1.4. The estimated capital cost is R20 243 566 all-inclusive and is planned to take 10 months to

complete from inception date. The building stands 2 (two) storeys tall comprising 40 self- contained Two (2) Bedroom residential units.

1.5. The developer is offering up-to 29.64% equity in the business “Lapeng” which has been valued at R20 243 566 by an independent professional business valuation by expert raising equity against it. 1.6. The current offer is valid until the 31st March 2019

Additional Details
Capital Value R20 000 000
Business Value R 89 456 679
Equity Invested R 3 000 000