Managing Director, Mr Zeeshaan Shah Visited Beroun- Message from the Managing Director

Dear Investor,

On Monday this week, I visited Prague on behalf of our clients to check on the progress of Blue Gardens and the commencement of construction at the Beroun Hills site.

The construction team at Blue Gardens are currently hard at work and completion is on schedule. This is the first time I have visited the show apartments and I was extremely impressed by the quality of the fixtures, fittings and overall finish. I am confident that this development will be a real asset to local Berounians and with the development only 200m from the motorway, it is an ideal location for commuters. Blue Gardens is what the local market has been searching for in terms of a quality, modern and affordable developments.

It is projects such as these that attract the residents of central Prague and the surrounding suburbs to relocate to Beroun.

This project is a real milestone, not only for the developer and us, as stake holders and investors, but for the whole town and community. Beroun Hills is the largest, single residential development in the town with a total value of 1.5 Billion Czech Korona. Unfortunately, the commencement of construction on Beroun Hills was held back by a day and I was unable to stay on in Beroun due to other commitments I had back in London but you can rest assured we will be keeping you up to date with pictures of the construction progress.

This super suburb of Prague is growing at an immense pace with leisure and retail facilities estimated to be over £500 Million currently under development (along side a number of smaller residential developments). The old town of Beroun is a traditional and picturesque  Czech town, with a fabulous heritage and the outer developing areas actually reminded me of American suburbs with their wide roads, large playing fields and quality, modern housing. It has all the current leisure facilities in town to give it a wholesome family lifestyle feel and the numerous private and government projects on-going means Beroun has all the catalysts for a solid property investment. I honestly believe that we are in the right place at the right time with this investment. The population of Beroun has quadrupled in the last decade alone. It is a really charming town with a great sense of life and I appreciate why a rapidly growing population currently standing at 20,000 choose to call Beroun home. I highly recommend you all visit Beroun.

 

 

 

Prestige Brokers Success at Property Investor Show- Message from the Managing Director, Zeeshaan Shah

Prestige Brokers exhibited at the Property Investor Show and OPP Live last week. The event is the most high profile property investment exhibition in the UK and proved to be a great success for Prestige Brokers.

We launched our latest project, the 6* Palm View Resort in Cape Verde and sold almost 5 Million Euros worth of stock over the 3 days. These are staggering figures even when compared with the good old days. What is our formula to success? First acknowledgement must be given to our great team, their commitment, energy and dedication is second to none. Then obviously the project, a fabulous 6* beach front resort and finally last but not least highly intelligent financial structuring. Investors in this day and age are looking for Growth with Security and that is what Prestige Brokers are delivering in style.

Our success at the event was acknowledged by industry colleagues and organizers alike. Our medium sized yet well located stand was most likely the busiest stand in the entire exhibition over the 3 days. We had people asking us what we were giving away free or what we had added to our chocolates that had attracted such a crowd. A great product packaged with intelligent financing and presented by the best team in the market is our secret.

 

 

 

Please find the gallery of photographs of Prestige Brokers stand at OPP Live event at the following link:

http://www.facebook.com/media/set/?set=a.279605968726677.67063.198334213520520&type=3

 

 

 

 

 

Prestige Brokers sells €5 million of Cape Verde apartments in 3 days

Overseas property agency Prestige Brokers had a hugely successful Property Investor Show & OPPLive last week selling “almost €5 million worth of stock over the 3 days,” managing director Zeeshaan Shah told OPP.

For Shah, “the Property Investor Show and OPP Live is the most high profile property investment exhibition in the UK and it proved to be a great success for Prestige Brokers.”.

Prestige was showcasing its “latest project, the 6-star Palm View Resort in Cape Verde,” Shah told OPP, and “our formula for success is a great team, full of commitment, energy and dedication and a fabulous 6-star beachfront resort combined with highly intelligent financial structuring.”

“Investors in this day and age are looking for growth with security,” he adds. Prestige used the show to sell almost 20 apartments in a new 100% finance project in Cape Verde.

The Palm View Resort project stalled three years ago, “around the time of the financial crisis,” says Shah. “And it suffered from some land ownership issues.”

However, “the developer approached us some months ago regarding structuring a 100% finance product because they had overcome all of the previous issues … and they are now nearing completion.”

Despite being “wary at first,” Shah decided to go through a “careful due-diligence process, visiting the site and realising that despite the previous issues (which many developers have also had) the project is now back up and running and it is set for completion in December of this year.”

“Palm View Resort includes the first casino in Cape Verde, a spa, night clubs, a beach club, tennis courts, football pitches, indoor/outdoor swimming pools, a cinema, and so on and the development will be managed in collaboration between Palm View Resorts and The West Paces Hotel Group, an established luxury resort and hotel management company.”

Separately, Prestige is also launching the first bio-fuel investment project in Pakistan. “I arranged a delegation last month in collaboration with the Pakistan Britain Trade and Investment Forum along with Sir Thomas Harris (Vice-Chairman Standard Chartered) and a number of leading hedge fund managers, mining and alternative energy companies,” Shah told OPP.

Paris scheme sells 50 apartments in 4 months for Prestige Brokers

Great OPP article on our Parisian success and growth:

London-based overseas property agency Prestige Brokers has had an excellent first half selling nearly 50 apartments in Paris in the past 4 months as the market in the French capital continues to boom.

And now the company is now about to move into marketing the new 5-star Oustau de Sorgue Resort & Spa in L’Isle Sur La Sorgue near Avignon on an 11-year leaseback model with 4.5% – 5% returns and 100% French bank-backed financing.

Speaking exclusively to OPP, Prestige Brokers’ managing director Zeeshaan Shah said that the Paris scheme has brought in “exceptionally good results” for the company in recent weeks. The agency has sold €7.5 million-worth of stock there so far this year.

“I am really pleased that we went into the Paris market like we did,” says Shah.

“But, to be honest, I was convinced that it would work well. I researched the property sector at the turn of the year and identified Paris as the strongest market in Europe at present. The area has a very limited supply of good quality stock, there has been no real property depreciation there for 30 years, prices are growing, it is a capital city in a stable democracy … and it is low risk.”

The project that Shah chose to represent was the Villa Bellagio apartment development at Villejuif, just outside the city’s encircling peripherique urban motorway.

The Villejuif district is, says Prestige Brokers, “at the heart of a €100 billion government investment plan and prices in the area have seen continuous growth of more than 20% per annum over the last 2 years.”

Located 120m above sea level, the development overlooks Paris and is close to Orly airport. The Village Bellagio scheme comprises 113 apartments including 98 studios, 7 reduced mobility studios (ground floor), 8 one-bedroom apartments and 33 covered car parking spaces.

For Shah, it was crucial that the project was built and ready to sell and offered buyers:

· Key-ready – Fully furnished apartments;
· 4* serviced apartment development;
· Prime location in emerging Villejuif area of Paris;
· Only 7 minutes to central Paris on Metro line 7;
· 5 – 5.5% Yields guaranteed for 11 years through Government leaseback scheme – Backed by a sovereign bank guarantee issued by Credit Mutuel;
· 100% Loan-to-value on discounted prices for European Union buyers;
· 80% Loan-to-value on discounted prices for Non-EU buyers;
· Minimal Liquid Exposure – a £3,000 reservation fee including notary, administration and all closing fees.

“The development had a good story and we were keen to sell it,” Shah told OPP. “And we have a great sales formula.”

“It is a very, very simple model,” he explains. “We select three lead gen companies and tell them to target high net-worth private individuals … doctors, lawyers and accountants with an income of at least £100,000 plus and tell them all about our rental and 100% finance arrangements. They email the project to their own databases and we only pay for each qualified lead they generate. They have to come back to me with a name, address, email and phone details and my sales team follows it up. It couldn’t be easier … and it works really well.”

Shah also uses his own email database and doesn’t use any other approach. He also got into the scheme, he says, because “it had a really good management company on board, Direct Gestion, who are huge, it was in an emerging area, prices started from €130,000 which is very sellable, there was a bank guarantee backed by Credit Mutuel, we got 100% financing from BNP Paribas and Credit Agricole Britline, and we get exclusivity from the developer. We asked for 30 units, which I had to put a deposit on, and when it was obvious things were going to go well, they gave us a further 20 to sell.”

Next up is a biofuel renewable energy alternative investment project says Shah, which he is working on now, and a continuing search for another development in Paris. “IF I could find another Villa Bellagio, I would definitely go for it,” he says.