Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Canterbury company launch community owned property campaign


Lyttelton based Collett’s Corner Limited is a community focussed property developer offering Kiwis an opportunity to own a piece of their first commercial building. Collett’s Corner will be New Zealand’s first community minded, equity crowdfunded commercial development.

The idea has been in development by international architect Camia Young for the last four years. She co-designed the Gap Filler Pallet Pavilion and co-founded XCHC and has a track record for creating buildings that in turn build community.

“With 8 people in the world owning 50% of the wealth, we believe it’s time to turn the tables on how our economic systems work - or don’t work - for us. By taking advantage of new opportunities in ownership and development, we believe we can move from an extractive economic system to a regenerative one.” says Young.

Collett’s Corner Limited are looking to raise up to $2 million, which represents 80% of the company. Investor shares are priced at $100, and that is also the minimum investment. 20,000 shares are available, with individual ownership capped at 10% of the value of the company.

“Based on the collective ownership model, we believe this is an opportunity for many people to come together to own a shared asset – one which aims to distribute financial returns and help to strengthen the community fabric,” says director Camia Young.

The building was designed over the course of two years in collaboration with the Lyttelton community around the concept of wellbeing. This central focus is reflected in a mix of wellness centre, hospitality, retail, co-working space and apartments. Situated on the corner of London and Oxford streets, Collett’s Corner is located in a prime position amidst Lyttelton’s retail core.

“I’m interested in defining the next era of architecture, creating places of connection and belonging. I truly believe it is possible to create a more equitable society if we work together,” says Young.

PledgeMe’s founder, Anna Guenther, is excited about the precedent this campaign sets for community owned assets in New Zealand.

“We truly believe that communities are stronger when they have ownership in the companies that are created there. It’s exciting to see Collett’s Corner model what that can look like from a property development perspective!”

The campaign launched publicly today, and will run until 21 March 2019 unless the maximum goal is reached prior.

For more details: https://www.pledgeme.co.nz/investments/347-collett-s-corner

For more information on PledgeMe:
PledgeMe (www.pledgeme.co.nz) provides a platform for Kiwis and now Australians to go to their networks for funding, and have raised over $30 million for over 1,300 campaigns. PledgeMe are the only combined equity, lending and project crowdfunding platform in New Zealand. Last year PledgeMe expanded to Australia, and are now licenced to provide equity crowdfunding in both countries.

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Freight: New Report On Auckland Port Relocation

The Government has released a major new report on the options for relocating the Port of Auckland’s freight operations while deferring any decision on the issue. More>>

ALSO:

Chartered Accountants: COVID-19 Fails To Knock Kiwi Investor Confidence, But More Disclosure Wanted

Three months of COVID-19 lockdown and investment turmoil has done little to knock confidence in New Zealand capital markets and listed companies with overall investor sentiment very similar to 2019, an investor survey held in mid June shows. However, ... More>>

ALSO:

Taxation: Black-Market Tobacco Sidesteps $287 Million In Excise Tax

Year-on-year increases in consumption of illicit tobacco in New Zealand have seen illegal trade swell to 11.5% of the total market. If consumed legally, illicit products would have netted the Government $287 million in excise tax during 2019. Independent ... More>>

ALSO:

Energy Sector: Meridian Spilled Water To Hike Electricity Prices - Authority Ruling

The Electricity Authority has found that generator Meridian Energy manipulated the power market, costing consumers about $80 million. More>>

ALSO:

XE Data Update: RBNZ Official Cash Rate Decision

The RBNZ will keep the Official Cash Rate (OCR) at 0.25%. T he key points in the RBNZ statement are: RBNZ keeps the OCR unchanged at 0.25% Maintain the LSAP (large scale asset purchase) at NZD$60 billion. Committee prepared to use additional monetary ... More>>

ALSO:

Electricity: Kiwis Ignore Promise Of Cheaper Power

Electric Kiwi and Flick Electric Co are joint winners of Canstar Blue’s award for Most Satisfied Customers | Electricity Providers From putting on an extra layer – rather than turning on a heater – to turning off lights and choosing the energy-saving ... More>>

ALSO:

Electricity: Transmission Pricing For A Low Carbon Future

The Electricity Authority has decided on new guidelines for transmission pricing. James Stevenson-Wallace, Chief Executive of the Electricity Authority says the new guidelines will deliver significant benefits to consumers, through lower electricity ... More>>

ALSO:

NIWA: The Climate Record That Keeps Getting Broken

Among the multitude of New Zealand climate statistics there is one record that continues to be broken month after month. Since January 2017 there has not been one month that recorded a below average nationwide temperature, according to NIWA’s seven station ... More>>

ALSO:

Govt: Extended Loan Scheme Keeps Business Afloat

Small businesses are getting greater certainty about access to finance with an extension to the interest-free cashflow loan scheme to the end of the year. The Small Business Cashflow Loan Scheme has already been extended once, to 24 July. Revenue and Small ... More>>

ALSO:

Science: 2019 Prime Minister’s Science Prizes Announced

The 2019 Prime Minister’s Science Prizes have been announced in a digital livestream event today. The Prizes recognise the impact of science on New Zealanders’ lives, celebrate the achievements of current scientists and encourage scientists of the ... More>>

ALSO:


RNZ: Fuel, Alcohol Costs To Go Up From Today

The increase today in the taxes on fuel, road user charges and alcohol is being called a tone-deaf move. More>>

ALSO:

Stardome Observatory: Young Kiwi Astro-Photographer Shoots For The Stars

Matariki by Josh Kirkley. The stars are aligning for up-and-coming Auckland-based astro-photographer Josh Kirkley (Kāi Tahu). During lockdown, one of his images was picked up by NASA and shared on the space agency’s Instagram to its 59.2 million ... More>>


DCANZ: Time For EU To Commit To A Level Playing Field For Trade

The Dairy Companies Association of New Zealand (DCANZ) has welcomed New Zealand Trade Minister David Parker’s statement that it is unacceptable for New Zealand exporters to continue facing an ‘unlevel playing field’ in the EU. Details leaked ... More>>

ALSO:

Potatoes New Zealand: Protecting NZ Fries As Part Of PNZ Pandemic Recovery & Transformation Plan

Potatoes New Zealand has met with Minister Faafoi this week to discuss investigating the potential importation of heavily discounted frozen potato chips into New Zealand. With MBIE’s support we are undertaking an investigation to gather evidence of the ... More>>

ALSO:


New Zealand Government: Supporting Kiwi Businesses To Resolve Rent Disputes

The Government will legislate to ensure businesses that suffered as a result of the COVID-19 response will get help to resolve disputes over commercial rent issues, Justice Minister Andrew Little announced today. More>>

ALSO: