Syndicates FAQ
What is a Prospectus?
A prospectus is an offer document lodged with ASIC under the Corporations Act which details the development, the benefits and risks of the offer of shares/units in the syndicate entity. The prospectus may also contain independent expert reports on the development from economists, accountants, planners, engineers and valuers commissioned as part of the rigorous due diligence. View a previous, CLOSED prospectus document here.
A Product Disclosure Statement is a document simial to a Prospectus, but which is issued for a Peet Syndicates that is established in a Trust structure (managed investment scheme) as opposed to a Company structure.
Where are Peet's land holdings for syndicates located?
Peet currently has land holdings in four States - Western Australia, Victoria, New South Wales and Queensland.
How long do the developments take?
The life of a project varies from syndicate to syndicate depending on the size of the land holding, approvals to develop and a range of other factors. These factors are fully detailed in each syndicate's offer document.
How often are offers in a Peet syndicate made?
Peet intends offering between two and four Peet Syndicates investment opportunities to investors each year.
What sort of returns can I expect?
Returns will vary according to a number of factors including the performance of the property market at the time of development. Wherever possible, Peet will provide a forecast of future returns in the offer document – however, this is not always possible in some longer-term projects where a development's start date is not certain. If we are unable to provide a forecast, prospective investors will be able to refer to the benefits and risks associated with the project detailed in the offer document.
Are there any risks?
Peet land syndicates have a strong history of solid returns to investors, and the management and Board of Peet have many years' experience in the property industry.
However, there are risks associated with any land development, and each offer document details anticipated risk factors for that project. Please read the offer document carefully. Before deciding to invest, we encourage you to consult your financial advisor to assess whether an investment in a Peet Syndicate is appropriate for you.
Do I have to pay stamp duty or GST on my investment?
No. For example, a $5,000 cheque is all that would be required to buy 5,000 $1.00 shares/units in a syndicate.
Can I invest in a Peet syndicate for my personal super fund?
There are many privately managed super funds that do invest in Peet Syndicates. However, before deciding to invest, we encourage you to consult your financial advisor to assess whether an investment in a Peet Syndicates is appropriate for you.
How long is a syndicate open to investors?
The closing date for each syndicate is included in the prospectus. However, it's worth noting that in recent times many syndicates have closed early.
What does the term used in the offer document 'interest on subscription monies' mean?
In the time between receiving your subscription money and allotting you shares (issuing you units) in the syndicate, we will pay interest on your funds. Following allotment of shares (or issue of units), the next payment to investors will be in the form of a capital return or dividend.
Will my subscription be scaled, and what does this mean?
Recently several Peet syndicates have been extremely popular and we have received applications for more shares/units than are available. This means applications have been 'scaled' and investors have not been allotted as many shares/units as they would have liked. If your application is scaled, the excess application funds will be returned to you.
What if I want to sell my shares/units?
Each Peet syndicate is wound up at the completion of the project, with excess funds returned to investors. However, if you would like to sell your shares/units in a syndicate before the end of a project, Peet will put you in contact with potential buyers and you may then negotiate directly with them to dispose of your shares/units.
Because of the way in which our investors realise their returns, our syndicates typically suit those investors who have a medium to long-term horizon as the investment should be considered illiquid.
How Syndicates work
Investment Security
The Returns
Investor Testimonials