Aland Equity Group Locks in 3,200-Lot Pipeline With Built-In 30% Profit Margins
Aland Equity Group has executed the Chinnerys Funding Deed, securing exclusive 20-year funding rights over 3,200 residential lots in the Canberra growth corridor with a contractually fixed 30% development margin worth approximately $174,000 per lot.
Key Takeaways
- AEG has executed a binding Property Funding Deed over the Chinnerys site in Bungendore, NSW, securing exclusive 20-year funding rights across approximately 3,200 mixed residential lots on a 1,000-acre landholding.
- A fixed 30% gross profit margin is contractually embedded into every Fund acquisition price, equating to approximately $174,000 per lot based on recent comparable sales — a structural profit floor built into the deal terms, not a projection.
- The Deed is conditional on shareholder approval under ASX Listing Rule 10.1, with 60 million AEG shares to be issued to an entity associated with Chairman Alex Brinkmeyer as consideration once approved.
- Chinnerys is the closest residential land to HQJOC, Australia's primary military operational headquarters, positioning the project to capture demand from the Canberra region's large and stable defence and government employment base.
- A current rezoning application covers 300+ acres expected to yield over 1,200 lots, with the remaining land master planned for up to an additional 2,000 lots subject to future zoning approvals.
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