• February 11, 2023

Punda Progress Capital C.V.

Punda Progress Capital C.V.

Punda Progress Capital C.V. 600 272 PYGG

Information Memorandum Summary

Punda Progress Capital C.V. (‘PPC CV)

Fund profile
PPC CV is an investment fund structured as a limited partnership under the laws of Curaçao (‘commanditaire vennootschap’), offering investors the possibility to benefit from high returns on investment in ‘Downtown Punda’, the heart of the UNESCO world heritage city of Willemstad, Curaçao.

Investment opportunity
• Curaçao downtown Punda, is on the verge of becoming a hot spot for living and nightlife. With growing demand for medium to long-term apartment rental. 64 new apartments in 17 buildings have been completed successfully in the last 4 years.

• High returns on purchase, renovation, renting out and sale of carefully selected existing buildings, by ensuring they are rented out at optimum prices and sold with capital appreciation when the Punda real estate market has developed.

• Annabay Management has all it takes to acquire an optimal selection of properties and ensure quality design & build to target specific market segments.

Financial Projections capital call I

Total Investment

Equity (30%)

Pre-tax Equity IRR

Anticipated holding period.

$ 4.3m

$ 1.3m

17.56%

7 Years

Cash Flow to Equity over Life Cycle as % of Equity before tax

56%

(8% avg per year)

Proposed Transaction
PPC CV offers up to 10,000,000 participation rights (or ‘Units’) with a nominal value of US$ 1.- each. Capital Call I entails the offering of 1,300,000 Units to professional investors with a minimum investment of 50,000 units or US$ 50,000.- per investor.

Contact Details
For more information, including the Information Memorandum and Financial Model, please contact:
Mr. C. Quirijns T: +5999 698 8134 E: [email protected], or
Mr. F. Lammers T: +5999 564 1333 E: [email protected].

Local Time
PGFL-CW-CC14  $100CORDG-UK  £0.05AURE-PA  $1,000SDEC  $1,000JMYS 51  $10.16 -0.02 (-0.2%)ZGKY  $0.57WSYS  $0.51MDSF-V9  $1,000YSAF-V9  $1,000PHAG  SFr.250UMSC  $0.73BDCB-CW  100%GBIF  $1,000FIDII-PA  $1JGIF-A  $2,000RGIF  $1,000CASN  $0.43SHAI  $1HFFL-A  $1,000HFFL-B  $1,000HFFL-C  $1,000SOMS-A1  100%SOMS-A2  100%SOMS-B1  100%SOMS-B2  100%LMNV  $1CMRH  $2.50CNYT  $3.85JGIF-B  $2,000TRUE  $1.50MLCO  $0.84FGNV  $320,000WLNV  $12,000KIFL  $1,000CRLC  $26,067.18PVIF-CW  $0.01KSTE  $0.45AIRF-VG-A  $1,000AIRF-VG-B  $1,000AIRF-VG-C  $1,000AIRF-VG-D  $1,000AIRF-VG-E  $1,000AIRF-VG-F  $1,000AIRF-VG-G  $1,000AIRF-VG-H  $1,000AIRF-VG-I  $1,000AIRF-VG-J  $1,000TFFL-A  $2,000ICWF  $1,000BLFF  $0.01CHFU-CW  100%HLWF  $10,000LIFL  $1,000LATAM-B  $1,000PAMP  $0