Hot OurSpace development real estate investment now available in SA
Category Newsletter: Article
The latest innovative commercial real estate investment product, OurSpace, is now available to South African investors, exclusively from Coastal Property Sales and Letting, says Jason Paans, Head of Sales for the group.
The product offers the opportunity to invest in a limited partnership agreement in the development of co-working spaces around the world. Destinations include Marbella, Miami and Dubai and plans are afoot for a further 50 gateway cities world-wide in the next 3-5 years that will service 50,000 members.
The investment required starts at just USD 25,000 (approximately ZAR 333,000) with fixed annual returns from 10.25%-13.25% and a buy-back guarantee of 120% of the initial purchase after five years.
Paans says this innovative new concept provides superb offshore property investment opportunities and offers much higher returns than what you can even expect in the Cape Town property market at just a fraction of the price. Incompass Forex will provide the forex assistance.
The OurSpace product, is a co-working solution and the fastest growing global megatrend in office real estate, he says. The trend has doubled year-on-year since 2006. The only other operator that offers this product is WeWork, headquartered in New York City that was founded in 2010 and is now valued at over USD 16billion.
There is huge demand for this type of shared office space from start-ups and Blue Chip companies alike, says Paans. Think of it as being able to offer your clients the best address with trendy and highly functional office spaces in the latest designs and with the latest technology and facilities on hand, including aspects such as a coffee bar, yoga and spa, parking and more, all at a fraction of the costs, says Paans.
The OurSpace product environments have been created by California based March Studio under the supervision of EMMY nominated designer Carlos Barbosa with the objective to foster creativity, collaboration and community like no other work space before.
Paans says that this product provides an excellent way to hedge investment funds against the depreciating rand and uncertain South African economy. You can purchase multiple contracts with the benefit that the returns go up with every contract purchased and some investors have taken contracts of up to USD 1 million and he expects a high level of interest from South African investors.
Contact Jason Paans, Head of Sales at Coastal Property Sales and Letting on 082 744 4388/021 433 0905, email jason@coastalpropertygroup.co.za or visit www.coastalpropertygroup.co.za.
Author: Coastal Property Group
