Aland Equity Group Locks in Rights to Sell 56 Lots Targeting $75K Net Per Lot [VIDEO]
Aland Equity Group Elm Grove Heights takes a major step forward as AEG executes its Management Rights Agreement over 56 residential lots in Bungendore, targeting $75,000 in Fund income per lot and a late September 2026 sales launch.
Key Takeaways
- AEG has executed the formal Management Rights Agreement (replacing the July 2026 Heads of Agreement) covering 56 residential lots across Stages 2B-1 and 2B-2 of Elm Grove Estate in Bungendore, NSW.
- The agreement entitles AE Landco to a fee of $140,000 (excl. GST) per lot sold, with estimated Fund income of approximately $75,000 per lot after all costs.
- AEG will own 100% of the units in the Elm Grove Heights Fund, capturing 100% of Fund investment returns plus funds management fees.
- The debt facility is non-recourse to AEG and secured against the land, meaning the wider group balance sheet is not directly exposed to the financing risk.
- The transaction remains conditional on ASX and AEG shareholder approvals by 31 December 2026, with the sales and marketing campaign scheduled to commence late September 2026.
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