http://www.alfgroupag.com
What is about this projects in Australia ??
1) Reef Cove Resort Project
Project Overview
Location: False Cape, Cairns (Far North Queensland) Australia
Description: Major development site comprising of residential lots (individual housing): 102 sites, Medium Density (units): 160 units apartment sites, Resort Complex: Day Spa and approx 200 villas, 300 room boutique hotel and a commercial complex: to include restaurants and retail.
The project has sweeping views over Trinity Inlet, neighbouring the Great Barrier Reef.
Purchase Price: AUD $3M
End Project Valuation: Over AUD $400M
2) 300 Room Luxury Boutique Hotel
Project Overview
Location: False Cape, Cairns (Far North Queensland) Australia
Description: A 300 room luxury boutique hotel.
The Hotel will feature core facilities, conferencing, restaurants and coffee shops as well as day spa facilities.
The project has sweeping views over the Trinity Inlet and its own beach access.
End valuation: Approx. AUD $150M (included in Reef Cove total end valuation)
3) Hope Island
Gold Coast, Queensland, Australia
Project Overview
The biggest waterfront development site on Hope Island being 3.2 acres with a water frontage of 225 metres. Under the new LEP, can now build:
144 units (approved to 5 levels) plus
43 Marina berths.
Post DA approval, estimated value approx. AUD $12M - $15M (including Marina berths).
Purchase price AUD $4.5M
Expected EBIT $20M AUD (2011/2012)
4) ALF PIF FINANCE LIMITED (ALF) is a special purpose company established for the purpose of making a bid for the units in the Premium Income Fund
ALF has a broad and diverse range of existing shareholders, including distressed asset managers, restructuring advisors and ALF Group Holdings AG, a company listed on the Frankfurt Stock Exchange.
ALF Directors have a broad and diverse range of business experiences including project management of large scale building projects and the financing, procurement and management of large-scale development projects. Combined, the Board of Directors has over 100 years of business and corporate experience.
ALF has a team of experienced project managers and licensed builders ready to be engaged to complete projects. That is, it is our intention to actively work towards completing current projects in order to maximise the value of existing PIF investments.
ALF believes that the current asset values, and accordingly the net tangible assets of PIF Units, is based on the sale of projects ‘as is’ ie in the currently distressed state, as a half finished building is not as valuable as a completed one. ALF has the team to complete the projects and maximise the value of the projects by completing and selling them down in a non-distressed manner, thus maximising the value for shareholders of ALF PIF Finance Limited.
5) Participation in Zeus Uranium
http://www.alfgroupag.com/media/documents/Zeus-Investors-Letter-031210.pdf