monaco property bond offering · azurite is a privately held prope!%y and investment management...

www.azuriteproperty.com

The opportunity to be part of Monaco’s ambitious property growth plans.

Fixed rate of interest of 8% per annum

Interest paid semiannually

A fixed term length of 3 years

First legal charge over property assets

Monaco Property Bond Offering

Your investment will be used to invest in real estate projects in Monaco that meet strict funding criteria, with a view to deliver strong returns.


This brochure is a summary marketingdocument created to provide headlineinformation relating to the bond offeringand it cannot be relied on alone.Consequently, this Document must beread in conjunction with the InformationMemorandum (IM) specific to the bond,which provides more details of theoffering along with the associated risks.The IM can be provided on request. Pleaseread the details of this investmentoffering in full and do not focus on theheadline benefits.This Brochure has been issued by AzuriteISA Bond Co 1 Limited.The investments featured on thisbrochure are only suitable for High NetWorth, Self Certified Sophisticated orSophisticated Investors. Your Capital isat Risk, investment is not covered by theFinancial Services Compensation Scheme(FSCS), the investment may be difficultto transfer and your investment can godown as well as up. You must read ourrisk page in full before proceeding

Please note the content of this promotionhas not been approved by an authorisedperson within the meaning of the FinancialServices and Markets Act 2000 (the“FSMA”). Reliance on this promotion forthe purpose of engaging in any investmentactivity may expose an individual to asignificant risk of losing all of the propertyor other assets invested.

You should not continue reading thisdocument unless you are certain you fallinto one of the investor categories detailedabove, you will need to classify yourself assuch before making any investment. Theinvestment activity to which the contentof this communication relates is availableonly to such persons who satisfy one ormore of the FSMA exemptions. If you donot satisfy the requirements of one ormore of the above FSMA exemptions, youshould not rely or act on its contents

Please read the following section carefully.

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Contents

Who We Are

Where We Invest

The Team

Our Partners

Monaco by the Numbers

The Azurite Bond

Our Advisors

The Bond Investment Process

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Who we areAzurite is a privately held property and investment management companycurrently focused on investing in the luxury residential sector of the Monaco real estate market.

The Azurite team of professionals has years of experience in creating positive ROI’s through the purchase of off plan properties and the developments/refurbishments within one of the fastest growing and unique property markets in Europe.

The Azurite team, working with experienced partners, identify opportunities,invest decisively and deliver exceptional returns through a focus on quality.

Where we investWhen you invest through Azurite, the funds raised from this bondare then used to invest in Monaco real estate projects.

Azurite Limited intends to take advantage of the followinginvestment opportunities:

N E W P RO P E RT Y To purchase residential real estate from developers of new Monaco based projects “off plan”.

R E-D E V E LO P E D P RO P E RT Y To purchase tired residential real estate, add value through development and refurbishment.

4 www.azuriteproperty.com

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The TeamThe Azurite investment team

Nigel RobertsonF O U N D E R

Anti VierulaI N V E S T O R R E L A T I O N S

Jake Hall Mark Dennis G E N E R A L C O U N S E L

Rozz Marcel C O N S T R U C T I O N &D E V E L O P M E N T S

Martin Cornell I N V E S T O R R E L A T I O N S

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Insider

“Monaco has a close family network – much like the F1

circuit – and these relationships will be critical to helping

Azurite unlock opportunities for investors, coming at a

time of exciting growth across the principality.”

Valtteri Bottas is a world renowned Finnish racing driver currently competing in Formula One

with team Mercedes. As a Monaco resident and seasoned investor, Valtteri saw the exciting

opportunity in the local property market. As an Azurite shareholder, Valtteri also acts as an

international brand ambassador whilst he travels the world on the F1 circuit.

Valtteri BottasS H A R E H O L D E R & A Z U R I T E A M B A S S A D O R

Featured in Business Insider


Azurite has partnered with one of the most established and highly regarded construction management companies in the Principality, Monaco Projects. The two respective founders of the companies Nigel Robertson and Rozz Marcel have forged strong ties going back over 20 years of living and working in Monaco.

Monaco Projects has managed over 100 Monaco based property renovations and has recently added interior design to its product offering. They have an in-depth understanding of Monaco’s property planning requirements, resulting in fast tracking authorisations. They work with extremely talented teams of architects, builders and traders, ensuring projects are delivered on time and within budget.

Monaco Projects brings the level of experience and expertise required for Azurite to deliver positive returns on its development/refurbishment investments.

www.monacoprojects.com

Work has transformed beyond a

destination – it’s an event. The spaces we

create reflect that evolution.

We’re redefining properties so that every

detail is designed to bring people together

and give them the space to push boundaries.

We believe dynamic buildings attract

dynamic people.

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Monaco by the Numbers in (2018)

€2.7bRESIDENTIAL PROPERTY

TRANSACTED

18.1% INCREASE IN PROPERTY PRICE

YR ON YR (PER SQ M)

NATIONALITIES MAKE UPMONACO’S RESIDENTS

€5.2m 139AVERAGE PROPERTY

SALE VALUE

523INDIVIDUAL PROPERTY

TRANSACTIONS

AVERAGE PROPERTYPRICE (PER SQ M)

€48,799

New developments Work began on Project Portier in 2017 and is due to complete in 2025. The ambitious sea reclamation project will add six hectares of new land to the Principality. This privately financed €2bn scheme will see Monaco grow in size by 3% and create accommodation for up to 1000 new residents but will make only a dent in the supply shortage.

Source: The Monégasque Institute of Statistics and Economic Studies - www.monacostatistics.mc

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Top 20 cities in Europe ranked by density of millionaires

Monaco’s population has grown 24% since 1990, driven by in-migration of wealthy individuals. Non-Monégasque residents account for a huge 78% of the population.

A large proportion of Monaco’s housing stock was developed in the 1960s and 70s, and many of these properties are looking dated and ripe for renewal and refurbishment.

MO N ACO O U T P E R FO R M S LO N D O N P R I M E

Monaco Outlook

BUILDING A WORLD- CLASS DESTINATION. Monaco is currently investing extensively in infrastructure to secure its position as a world- class business and leisure destination.

ONGOING GLOBAL POLITICAL UNCERTAINTY. While some are adopting a ‘wait and see’ approach, in the long term Monaco’s safe-haven credentials will underpin demand. Changes to the UK’s non-domicile rules from 2017 could see more expats choosing Monaco as a base.

PRICES TO REMAIN AT RECORD HIGHS. Buyers are becoming more price sensitive, but with an ongoing supply-demand imbalance, Savills don’t foresee any potential for downward adjustment.

SHORTAGE OF NEW PROPERTIES FOR SALE. There were no completions in 2016 and not until Le Portier completes will there be any volumes of new supply. Savills anticipate a shortage of new product in the near term.

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Monaco: €48,799

Hong Kong : € 25,450

London UK: € 15,437

Singapore: € 15,011

New York: € 12,135

2018

50,0002018 HighPrice reach €48,779over twice that of primeLondon Euro Terms

T O P 5 I N T E R N A T I O N A L C I T I E S A V E R A G E P R I C E P E R S Q U A R E M E T E R C O M P A R I S O N

Source:

The Azurite BondThe key investment offering

Monaco is currently investing extensively in its infrastructure to secure its position as a world-class business and leisure destination. Azurite provides a low entry investment opportunity to ultimately invest in Monaco as it undergoes this process of becoming a world-class destination.

As one of the world’s most important centres for business and leisure already, Monaco has a strong, diverse economy, with property prices at record highs, and ambitious plans to cement its position on the global stage by 2025.

Three new projects alone will bring more than 100,000 square meters of residential and commercial floorspace.

And if this prospect isn’t exciting enough, here are some key reasons to invest through Azurite:


Interest Paid Semiannually

Asset backed**

Strict funding criteria No entry fee for investing in Azurite Bonds

Dedicated Investor relations manager

Experienced Advisory Board

8% per annum

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Our Advisors

AUDITORS

SECURITY TRUSTEESFUND ADMINISTRATOR AND ACCOUNTANTS

LEGAL ADVISORS

Baker Tilly International is an accountancy and business advisory network represented by 126 member firms in 147 countries. They have over 30,000 partners and staff. Its combined fee of independent members was US£2.6bn for fiscal year of 2016. Baker Tilly International takes on the role of auditing for the company to insure governance.

https://www.bakertilly.global/

Azurite companies and More Group have entered into the Security Trust Deed in which More Group as the Security Trustee holds the security created by Azurite through the purchase of property for the benefit of Bondholders. Azurite companies have entered into a fixed and floating charge over all its present and future assets pursuant to the Group Security Documents.

www.mgcs.co.uk

Praxis IFM has the expertise and multi-jurisdictional capabilities to establish and administer efficient structures. 450 employees and $38bn under management. They administrate the Azurite group of companies ensuring the highest level of corporate governance is maintained.

www.praxisifm.com

Knights plc are Azurite’s companies lawyers. Founded in 1759, Knights PLC was listed on the AIM market. They have 8 offices in the UK, employ 600 professionals and work with over 10,000 clients.

www.knightsplc.com

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* Please be aware when investing, your capital is at risk and the value of your investment can go down as well as up. You may get back lessthan you invested.

** The fact that the bond is asset backed would not guarantee that all capital would be repaid. This also means that there is a liquidity riskand there is likely to be a delay in repaying your capital should you request it.

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The Bond Investment Process

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Read Our information Memorandum

Fill out the Azurite ISA Bond Co 1 application form found on page 29-35 of the Bond Subscription Agreement (“BSA”)

Provide the required AML documents as outlined on page 34 of the BSA.

Transfer funds to Northern Provident Client’s GBP or EURO account (details on page 30 of the BSA). Funds will then be held with Northern Provident until AML checks have been ratified. There is a 14 day “cooling off period” in which investors can have their monies returned should they change their minds. Northern Provident Investments Ltd will be custodians of the funds until drawdown by Azurite Ltd.

The Bonds will be registered in the name of each Bond holder. Each Bondholder’s holding of Bonds will be shown in its Bondholder Account and on the Registrar maintained by More Group Capital Services Ltd as registrar. On issue, the Bonds issued under the offer will rank equally with each other.

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Investment through the Azurite Bond allows you to be a part of ambitious real

estate and property growth plans in Monaco.

Fixed rate of interest of 8% per annum

Interest Paid Semiannually


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Azurite UK Holding Ltd.1 Lumley StreetMayfairLondon W1K 6JEEngland

Azurite Ltd.Charter Place,23-27 Seaton PlaceSt Helier, JE1 1JYJersey

Monaco is currently investing extensively in its infrastructure to secure its position as a world-class business and leisure destination. What the Azurite investment provides, is an opportunity to invest and to be part of this ambitious real estate and property growth plans.