In May of 2005 a joint venture was created with Falcon Real Estate Investment Company LP, an experienced investor in condo conversions, to acquire, convert and sell the individual units in a property known as the Carlyle Club located in Plantation, Florida. Plantation is located in Broward County, about 45 minutes north of Miami. The attractive, 150 unit apartment complex has a total of 165'290 square feet of rentable area with an average unit size of 1,102 square feet.

 

The project consists of one, two and three bedroom apartments and also consists of 110 garages and 40 carports. Initial projected sellout period estimates are 12-15 months. Shortly after the conversion process began, Falcon Real Estate decided to change the name of the project to the "Paragon Plantation" and all information regarding the property can be found on the www.paragonplantationcondos.com website

 

For more information on Falcon Real Estate Investment Company, LP please consult their website at www.falconreal.com.

 

 

White Palace Real Estate France S.A.S. (WPRE) is a joint venture company created by Action Group Holdings (AGH) and Inovalis S.A. ( www.inovalis.com ) in September 2004 . The continued buoyancy and strength of the real estate sector in France, particularly for commercial properties, provided an appealing investment opportunity for AGH. The first quarter of 2006 has seen record levels of investment in commercial real estate in France, and the investment market is expected to remain active in 2006. During that quarter, occupiers’ take-up rate doubled the volume reached one year ago (source : C.B. Richard Elis Market View, 1st Quarter 2006). Paris in particular, made up nearly one third of this take-up. This is not surprising considering that this region (“Ile-de France”) represents about 25% of the whole national economy. For this reason, WPRE has chosen to focus its real estate strategy in the nation’s capital. ( Furthermore, AGH endeavors to expand its acquisition of predominantly commercial properties into Germany due to the current economic opportunity, especially in the real estate sector in major cities.)

 

WPRE’s portfolio of commercial properties comprises of several office buildings in the highly desirable 8th district and Central Business District of Paris. These properties benefit from good facilities, such as the proximity of major retail and business areas, such as the Boulevard Hausssmann, the renowned Champs Elysées and La Défense; not to mention exceptional access to transportation networks. In total, the properties offer a gross lettable area in excess of 40,000 m2.

 

 

The property is located within the suburb of Laverton North, located approximately 14 kilometres from the Melbourne Central Business District. The site consists of 4 warehouses totalling 12,500 m2 NLA of warehouse space under cover on 19,100 square metres of land.

The industrial area of Laverton North has progressively developed to provide for a variety of major industrial space users which have been drawn to the good industrial profile of the location, given its immediate proximity to the Princess Freeway thus immediate access to Melbourne's CBD or alternatively to Melbourne's greater south-west and Melbourne's northern region.

The property is tenanted by Brambles who is a leading global support services group, operating in nearly 40 countries and across 6 continents. Brambles Industries Limited is listed on the Australian Stock Exchange and Brambles Industries plc is listed on the London Stock Exchange.

A subsidiary of Brambles, CHEP conducts their business operations on this site and is involved in pallet and container pooling services, serving customers in a range of retail and industrial supply chains, including consumer goods, fruit and vegetable, meat, home improvement, beverage, raw materials, petro-chemical and automotive industries.

CHEP manages the daily movements of over 200 million pallets and containers from a global network of over 400 service centres and has more than 100,000 customers worldwide.