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Collett's

Corner

Collett's Corner is wrapping up.

The site is for sale.

Investors

Pioneering a new approach together

Over 600 everyday people came together in 2019 and 2020 to make Collett’s Corner New Zealand’s first community minded, equity crowdfunded commercial property development.

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Why invest?

Collett’s Corner combines financial return, tangible ownership in a prominent and sought-after Lyttelton property and social impact. The building will generate income for investors through renting the ground floor and basement.

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When is this happening?

The resource consent is approved, the drawings are being finished, we will apply for building in the end of 2021. Construction begins in 2022 and the doors  open in 2023.  

If you missed out on our share offer and would like to be added to the investor register, please send an email to camia@ohu.nz. If shares become available we will notify you via email.

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Project Updates

Property development is an iterative process. We share regular updates about the project as it progresses through the various stages. The benefit of this approach is that you get to see behind the scenes and hear about the key decisions and on going progress. As well there are regular opportunities for you to share with us your insights so that we can advance the design together. If you would like to receive updates please register your interest below. If you missed any of the previous updates, here is a complete list.

Stakeholders

  • Lytteltonions (people that work, live or own property in the Harbour Basin)

  • Investors in Collett's Corner (public register of all shareholders)

  • Collett's Corner residents

  • ​Ūkaipō's wellbeing practitioners and guests

Stages of Development

  • Listening & Ideation Phase: July - December 2017
    Workshops, surveys and interviews to gather ideas from the local Lyttelton community.

  • Scoping Phase: January - May 2018
    Community feedback on options, feasibility report completed and open design competition initiated.

  • Concept Design: June - September 2018
    Open design competition voted on by the public.

  • Preliminary Design: October 2018 - February 2019
    Design team assembled, business plan created, early investment raised, integrated feedback from community and Council sough, associated design changes made, drawings for resource consent and resident and tenant brochures completed.

  • Equity Crowdfunding #1: February - March 2019
    Raised $503,800 from 345 everyday people across Aotearoa. 

  • Resource Consent and Pre-Construction: March 2019 - March 2020
    Resource consent granted, bank funding indicative terms defined, contractor and architect selected, cost plan updated and design team consultants identified in preparation for next phase.

  • Covid-19 Pause: April - July 2020
    The project was paused to meet lockdown requirements and out of consideration for people’s safety.

  • Equity Crowdfunding #2: August - November 2020
    Final equity raised, $1,112,160 from 384 people that believe in back the vision 

  • Pre-Construction: November 2020 - December 2021
    Complete drawings and plans for construction, obtain building consent, pre-sell apartments and lease commercial spaces, secure construction loan.

  • Construction Phase: December 2021 - December 2022
    Complete the base build and fit out.

  • Opening: January - February 2023
    Residents take ownership of the apartments and move in, building tenants move into leased space. Celebration!

Useful Documents

  • Collett's Corner Constitution Collett's Corner Ltd is a for purpose company, which means the directors are bound to serve the purpose as set out in our constitution. 

  • Shareholder Register Collett's Corner has over 600 shareholders backing the vision.

  • Share transfer form If you are an existing shareholder and you want to transfer your shares this is the form you need to fill in. 

A building owned by the community for the community

Collett's Corner demonstrates that we can work together to build the buildings we want in our towns and cities.

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