Macquarie Bank signs Equity Deal with Specialist Property Investment Group - Aviate
(PRWEB) May 24, 2007 -- Macquarie Bank ("Macquarie") today announced it had signed an 'equity deed' with the Aviate Group Pty Ltd ("Aviate") that enables it to acquire a stake of the specialist property investment company in the future. Under the terms of agreement, Macquarie can convert the 'equity deed' into a 30 per cent stake of the company providing both parties fulfil agreed terms and conditions.
Founded in 2001, Aviate specialises in providing property investors with access to systematically researched and selected high quality investment properties.
Following the announcement, Macquarie Relationship Banking Executive Director, Dean Firth, said: "Australians have typically had a strong passion for direct property investment as an asset class. We believe this agreement will provide Aviate with the capital necessary to expand their business model and continue to provide investors with independent qualitative information about direct property investments."
"We believe Aviate is a welcome addition to the property investing landscape in Australia. With their dedicated approach to property research and due diligence Aviate offer expert advice and research to the property investor, similar to the service and research offered by stock brokers and fund managers for the equities investor," he said.
Managing Director of Aviate, Neil Smoli, added: "This agreement is a significant milestone for Aviate as it will provide the company with the necessary development capital to grow and provide a higher level of service and support to our clients and property investors in general."
"We look forward to expanding our offering to assist even more Australians access high-quality property investments in key areas that our research indicates will continue to outperform the general market."
About Aviate Group
Aviate specialises in sourcing high quality, new investment property opportunities for investors. Sourced through its network of developers, builders, architects, town planners and industry related sources, Aviate conducts extensive due diligence to ensure only the best investment properties are presented to clients. Aviate clients and alliances rely on Aviate's ability to assist them find the right investment property by:
- Conducting extensive due diligence on the properties researched
- Presenting properties that meet Aviate's strict 32 point selection criteria
- Negotiating the best price - always at or below independent valuation
- Imparting reliable, independent and easily accessible information.
Aviate fosters a long term approach to investment property. Aviate monitors the property market on a continuing basis to ensure Aviate properties withstand changing markets and influences.
For further information, please visit www.aviategroup.com.au
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