New Property Investment Platform Secures Site For $8.9m Project, Extends Capital Raise

A new tokenised property investment platform has secured its first development site in Auckland, paving the way for an $8.9 million residential project under the model.

The project, located in Onehunga, will see an eight-unit townhouse development delivered through a structure that allows retail investors to take fractional equity stakes in the development.

Designed as a medium-density project targeting owner-occupiers and entry-level buyers, it comes at a time when access to development opportunities has become increasingly limited to a small group of well-capitalised investors.

The industry first model, which follows the issuance of new guidance from the Financial Markets Authority (FMA), allows everyday Kiwis to buy shares in residential property developments, giving them a proportionate stake in the profits once homes are built and sold, without the need for large deposits, personal guarantees or developer-level capital.

The offer, issued through Victor Lima 6 Limited, has been extended to 25 May 2026. More than 150 retail investors have already participated in the raise or begun an application, with uptake continuing to build steadily since launch.

The capital raise is targeting up to $1.64 million, with a minimum threshold of $1.27 million required to proceed. Individual investment is capped at $65,800 per investor.

Dehardt van der Merwe, founder of Propopoly, says securing the first site is critical to proving the model can open up development opportunities that would otherwise remain out of reach for retail investors.

“This moves the model into a live project environment, where land, consenting and delivery are all clearly defined,” he says.

Construction is expected to commence following completion of the capital raise, with the development delivered over an estimated 9 to 12-month period.

The platform will now also allow investors to participate using digital assets such as Bitcoin, alongside traditional payment methods, introducing a new pathway for digital asset holders to access real-world property development exposure.

Van der Merwe says the move reflects changing investor behaviour.

“We are seeing increasing overlap between digital asset holders and investors looking for real-world exposure. Enabling that participation broadens the pool without changing the underlying asset,” he says.

Under the structure, investors hold shares in a special purpose vehicle established solely to acquire and develop the site, with returns linked to the performance of the completed development. Returns remain subject to development performance and market conditions.

The company says additional sites are already under consideration as it builds a pipeline of projects, with the aim of scaling the model across multiple developments.

Potential investors are advised to review the Product Disclosure Statement (PDS) for Victor Lima 6 which is now live here. Victor Lima 6 Limited is the issuer of the equity securities under the first development offer.

Notes:

• About Tokenisation: Tokenisation converts physical assets, such as real estate, into secure digital tokens that represent fractional ownership. This lowers the barriers to entry, increases liquidity in traditionally illiquid markets, and provides transparent governance through blockchain technology. Deloitte projects that US$4 trillion worth of real estate could be tokenised globally by 2035.
• About Propopoly: Propopoly is a New Zealand-based fintech purpose-built to democratise access to property development. Fully compliant with the Financial Markets Conduct Act, every token is backed by real equity in specific projects through ring-fenced Special Purpose Vehicles. The platform is available exclusively to New Zealand residents.
   

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