We frequently come across Property Owners that hold property with high development potential, who in spite of the desire to realise the true value of their property do not have the expertise, money or time to commit to its cause.

Launch Corporation offers a participation program with Property Owners whereby the owner supplies the land and we as the developers provide the expertise and project management faculty in maximising and delivering the potential of the Property Owners' site.

Under the proposal, the Property Owners would enter into a joint venture with an independent financial entity of Launch Corporation, whereby their property represents their contribution to the development.

A joint venture agreement highlighting the roles and duties between the Property Owners and Launch Corporation would be completed and subject to the terms of the agreement, the Property Owners as the 'passive participants' would receive:

• The price of their property being of equal value to the original property value contributed by the Property Owners at the time of entering the joint venture (Market Value); and
• Traditionally 50% of all development profits (profit participation) on the completion of the project.

The profit participation is dependent on the financial and legal structure adopted for the joint venture.

Our business model fosters a program that promotes a 'win win' culture, therefore prior to proceeding or undertaking a project we present a case study that achieves the most profitable outcome for the Property Owners.

Benefits of entering into a joint venture program with Launch Corporation include:

• Maximising profitability of the Property Owners land.
• No Agents Fees if dealing directly with Launch Corporation.
• Security for the Property Owners land whether it stays in their name or is transferred into the corporate joint venture company.
• Depending on the model chosen, Launch Corporation procures the development funding and provides all corporate guarantees for the loans without any recourse to the Property Owners.
• Expert project and management team with 100 years combined experience in all facets of property development as outlined under Project Management.
• Detailed project and financial reporting to the Property Owner as a stakeholder.
• Property Owners receive a two-fold benefit by participating in the development profit share as well as realising their land.
• The Property Owner has flexible outcomes that can see them taking their profits out in cash, or property in the completed development or a combination of both.

Launch Corporation joint venture program undoubtedly will move towards enhancing the commercial viability of the Property Owners land.