Sale of 4.12 Hectares of Residential Zoned Land

Coronea Pty Ltd atf Coronea Trust Sells 4.12 Hectares of Residential Zoned Land

On behalf of the Bresnehan Family Office, company, Coronea Pty Ltd Jason Bresnehan:

• Arranged the sale of 4.21 hectares of a residential zoned parcel of land to Hadspen Developments Pty Ltd
• Worked with lawyers to facilitate a delayed real estate contract through the sale of a put and call option agreement 
• Worked with Johnson Breward Brown to structure the sale proceeds and Coronea Trust's distribution to unable and its beneficiaries to rely upon the capital gains tax small business 50 per cent active asset reduction as well as the small business rollover relief to minimise the CGT implications.
• Commenced strategic business and investment planning for the utlisation of the sales proceeds with a goal of a 10X gain within 10 years, or an Internal Rate of Return of 30%
• Ensured that sales proceeds were "ring fenced" as part of the Bresnehan Family office's asset protection strategy

Prior to agreeing to the sale Evahan prepared a detailed financial model for Coronea comparing the return of developing the 4.21 hectares into a residential subdivision from its own balance sheet (Option 1 - Coronea Develops) versus a clean sale of the parcel (Option 2 - Clean Sale). The financial model comparing the two options was extensive factoring in the cost of money, contingency and risk for Option 1 as well as worst, base and best-case scenario analysis of the development time and residential block sale time.