Prosper Hills (2008) Limited
Prosper Hills (2008) Limited was released to the public on the 5th of March 2009. It is a simple company structure comprising of 400 shares. On Friday 30th December 2011, just 5 shares remain to be issued to the public. Shares are currently available for you to buy until Wednesday 20th June 2012 (unless fully subscribed prior). Prosper Hills (2008) Limited is located between Gisborne and Wairoa on the East Coast of the North Island of New Zealand just 84km from the Port of Gisborne. The Port of Gisborne is New Zealands' second largest timber exporter - behind the Port of Tauranga. This region is well known for its horticultural acheivements and forestry is no exception.
Prosper Hills (2008) Limited owns its own Forestry and Land. A unique advantage of this project is that the Forestry has aged. It was planted during 1996 and 1997, therefore it is 14 and 15 years old today. The timber industry refers to this age-class as “mid-rotation”. We’re sure you see the advantage – your return could be in as little as 10 to 15 years rather than a typical Forestry investment where the project may have only recently been planted.
Equity is raised for these projects by way of selling shares. Each share is to be issued for $6,400.00. The shares purchase price covers everything from purchasing the Forestry and Land right through to harvest. This means for the shareholders there are no additional fees, charges or costs associated with each share, annual or otherwise. Shares may be purchased with a minimum deposit of $600.00 upon application, followed by 29 interest free equal monthly payments of $200.00 with the first payment due one month after application.
The equity that is raised is used to pay for future costs associated with owning a Forest and Land project; rates, insurances, physical Forest and Land management, pest control etc
Between 2020 and 2025, when the timber is mature and the price fetched by timber is in line with historical peaks, the assets will be sold, both the Forestry and the Land. Tax liabilities will be taken care of by Prosper Hills (2008) Limited and the net proceeds from the sale of the Forestry AND the Land will be distributed to the shareholders on a per share basis.
Such is the Directors commitment to never having projects run short of funds, they have stated that in the unlikely event of the projects running out of money, NZ Forestry & Land Investments Limited will cover any costs through to harvest. The Directors have also invested personally into this project by purchasing shares, as they believe the outlook for this type of commodity based investment is very good.
An Investment Statement is available HERE and/or upon request.
Our Other Projects
Prosper Hills (2006) Limited
Shareholders in Prosper Hills (2006) Limited have invested in Forestry Land and Radiata Pine forestry planted in 1993/4, part of a 785 hectare property known as Taipo Forest Estates.
Soils at Taipo Forest Estates are fertile and well suited to forestry development, as are the climate and altitude for the growing of Radiata pine. Taipo Forest Estates is located 10 km’s north of Tinui and 45 km’s East of Masterton on the Tinui River.
Prosper Hills (2004) Limited
Located 26kms North-East of Wanganui, this project is now in its 6th year of growth. As with NZFIL 3 Limited, this project is located near a direct rail link into Wellington for export or to freight to Wanganui for processing at local mills.
Regular management inspections are carried out during the year to ensure that fences, tracks, tree growth and pests are not posing any issues.
NZFIL 3 Limited - Braemore
The entire project is 86 hectares in size and was planted in 1997. NZFIL 3 Limited forest is near the North Island town of Hunterville.
This project is located near a direct rail link into Wellington for export or to freight to Wanganui for processing at local mills. The Radiata Pine trees are now mid rotation and will be aged 13 years in July 2011.