Ever wondered how professional real estate investors get to buy property at wholesale prices? The concept behind our Co-Developer investment strategy is to allow private individuals to invest in new real estate at wholesale prices just like the super rich. The aim is to allow our clients to buy high quality real estate in high quality areas with strong growth prospects for a total investment that is significantly less than the market value of the property. This is achieved by being one of a small group of Co-Developers in a boutique development.

1. Introduction
To
Co-Developer
Where do you want to be?
Corporate Authorised Representative No. 416788
of Avestra Capital Pty Ltd
ABN: 40 114 266 698 AFSL: 292464

2. General Advice
The advice contained in this seminar is general advice
only. It has been prepared without taking into account
your objectives, financial situation and needs. You
should consider the appropriateness of the advice by
taking into consideration your objectives, financial
situation and needs before acting on the advice. United
Global Capital does not offer any information in this
Seminar as a substitute for financial advice prior to
making any decision based on any information
contained in this seminar.
Where do you want to be?
Corporate Authorised Representative No. 416788
of Avestra Capital Pty Ltd
ABN: 40 114 266 698 AFSL: 292464

3. About Today
Where do you want to be?
• Why invest in Real Estate?
• The Investment Objective
• UGC Investment Philosophy
• Investment Environment Today
• Why Brisbane
• The Co-Developer Strategy
Corporate Authorised Representative No. 416788
of Avestra Capital Pty Ltd
ABN: 40 114 266 698 AFSL: 292464

4. Why Real Estate?
Where do you want to be?
• Leverage – Earn Returns on Other People’s Money as Well as Yours
• Physical / Tangible Asset – Real Asset, Can’t go to Zero
• Income Producing / Growing – Growing Income Stream for Retirement
• High Market Volume – Largest Asset Market in Australia
• Appreciation in Value – Play on Population, Inflation, Economic Growth
• Collateral – Banks love real estate. LVR’s up to 90%, No Margin Calls
• Tax Benefits – Deductibility of depreciation, interest & maintenance
• Manufacture Returns – Add value via renovations & developments
Corporate Authorised Representative No. 416788
of Avestra Capital Pty Ltd
ABN: 40 114 266 698 AFSL: 292464

5. The Objective?
Where do you want to be?
1. Don’t lose money
2. Don’t forget rule No. 1
THEN..
1. Make as much money as you can
2. In the shortest space of time
Corporate Authorised Representative No. 416788
of Avestra Capital Pty Ltd
ABN: 40 114 266 698 AFSL: 292464

6. UGC Philosophy
Where do you want to be?
Use real estate as a tool to create wealth by…
1. Buying high quality investments,
2. When they offer compelling value,
3. As price trends supports short to medium term
growth
COMBINED WITH…
4. Value enhancing strategies to outperform
Corporate Authorised Representative No. 416788
of Avestra Capital Pty Ltd
ABN: 40 114 266 698 AFSL: 292464

7. UGC Philosophy
Where do you want to be?
Within a frame work of a portfolio construction…
1. STRATEGIC INVESTMENTS
AND
2. TACTICAL INVESTMENTS
Corporate Authorised Representative No. 416788
of Avestra Capital Pty Ltd
ABN: 40 114 266 698 AFSL: 292464

8. Investment Today
Where do you want to be?
What worked over the past 30 years is unlikely to be as
effective over next 15 years. Consider…
• Financial System Today V’s 30 years Ago
• Household Income Generation Today V’s 30 years Ago
• Demographics Today V’s 30 Years Ago
• Global Economy Today V’s 30 Years Ago
• Home Prices Today V’s 30 Years Ago
Corporate Authorised Representative No. 416788
of Avestra Capital Pty Ltd
ABN: 40 114 266 698 AFSL: 292464

9. Affordability Ceiling
Where do you want to be?
Low Interest Rates + High Prices = Slow Growth When Rates Rise
Corporate Authorised Representative No. 416788
of Avestra Capital Pty Ltd
ABN: 40 114 266 698 AFSL: 292464

10. Affordability Ceiling
Where do you want to be?
Housing Affordability Ratings: Major Markets Over 1 Million Population
Source: Sept 2014 Demographia International Housing Report
Nation No. of Severely
Overvalued Markets
Median Market
Property Value / Income
Australia 5 6.4x
Canada 2 4.3x
China (Hong Kong) 1 17.0x
Ireland 0 4.3x
Japan 0 4.4x
New Zealand 1 8.2x
Singapore 0 5.0x
United Kingdom 6 4.7x
United States 9 3.6x
Corporate Authorised Representative No. 416788
of Avestra Capital Pty Ltd
ABN: 40 114 266 698 AFSL: 292464

11. Affordability Ceiling
Where do you want to be?
10 Least Affordable Major Metropolitan Markets
Source: Sept 2014 Demographia International Housing Report
Least
Affordable
Nation Metro Market Median Multiple
(Value / Income)
1 China Hong Kong 17.0
2 Canada Vancouver B.C. 10.6
3 Australia Sydney, NSW 9.8
4 U.S. San Francisco, CA 9.2
5 U.S. San Jose, CA 9.2
6 Australia Melbourne, VIC 8.7
7 U.K. London (GLA) 8.5
8 U.S. San Diego, CA 8.3
9 N.Z. Auckland 8.2
10 U.S Los Angeles, CA 8.0
Corporate Authorised Representative No. 416788
of Avestra Capital Pty Ltd
ABN: 40 114 266 698 AFSL: 292464

12. Affordability Ceiling
Where do you want to be?
All Time Low Interest Rates + All Time High Debt + High Prices
= Much Slower Future Price Appreciation
Corporate Authorised Representative No. 416788
of Avestra Capital Pty Ltd
ABN: 40 114 266 698 AFSL: 292464

13. Affordability Ceiling
Where do you want to be?
All Time Low Interest Rates + All Time High Debt + High Prices
= Much Slower Future Price Appreciation
Corporate Authorised Representative No. 416788
of Avestra Capital Pty Ltd
ABN: 40 114 266 698 AFSL: 292464

14. Affordability Ceiling
Where do you want to be?
All Time Low Interest Rates + All Time High Debt + High Prices
= Much Slower Future Price Appreciation
Corporate Authorised Representative No. 416788
of Avestra Capital Pty Ltd
ABN: 40 114 266 698 AFSL: 292464

15. Why Brisbane Property
Where do you want to be?
Quality – Strong Forecasted Population growth
Corporate Authorised Representative No. 416788
of Avestra Capital Pty Ltd
ABN: 40 114 266 698 AFSL: 292464

16. Why Brisbane Property
Where do you want to be?
Quality – Stronger Per Capita Infrastructure Spending Next 7 years
Corporate Authorised Representative No. 416788
of Avestra Capital Pty Ltd
ABN: 40 114 266 698 AFSL: 292464
+48% per capita
than NSW
+120% per capita
than VIC

17. Why Brisbane Property
Where do you want to be?
Value – Better value for owner occupiers
Corporate Authorised Representative No. 416788
of Avestra Capital Pty Ltd
ABN: 40 114 266 698 AFSL: 292464

18. Why Brisbane Property
Where do you want to be?
Value – Better value for owner occupiers
Metropolitan
Market
Median
Multiple
Median Price Median Household
Income
Adelaide, SA 6.4 $410,000 $63,600
Brisbane, QLD 6.0 $465,000 $78,000
Melbourne, VIC 8.7 $658,000 $75,900
Perth, WA 6.1 $535,000 $87,200
Sydney, NSW 9.8 $812,000 $82,800
Source: Sept 2014 Demographia International Housing Report
Corporate Authorised Representative No. 416788
of Avestra Capital Pty Ltd
ABN: 40 114 266 698 AFSL: 292464

19. Why Brisbane Property
Where do you want to be?
Value – Short period of time to save for a deposit
Corporate Authorised Representative No. 416788
of Avestra Capital Pty Ltd
ABN: 40 114 266 698 AFSL: 292464

20. Why Brisbane Property
Where do you want to be?
Value – Better cash flow returns for investors
Source: RP Data

21. Why Brisbane Property
Where do you want to be?
Trend – Positive price growth after a period of sideways movement
50
60
70
80
90
100
110
120
2002–03 2003–04 2004–05 2005–06 2006–07 2007–08 2008–09 2009–10 2010–11 2011–12 2012–13 2013–14
Brisbane Median Property Price Index
Source: Australian Bureau of Statistics
Corporate Authorised Representative No. 416788
of Avestra Capital Pty Ltd
ABN: 40 114 266 698 AFSL: 292464
Bullish Price Break Out

22. Why Brisbane Property
Where do you want to be?
Trend – Positive price growth after a period of sideways movement
Source: Australian Bureau of Statistics
70
80
90
100
110
120
130
2002–03 2003–04 2004–05 2005–06 2006–07 2007–08 2008–09 2009–10 2010–11 2011–12 2012–13 2013–14
Sydney Median Property Price Index
Increase of 44% in 5 years since break out!!!
$198,000 profit on $450,000 invested!!!
Corporate Authorised Representative No. 416788
of Avestra Capital Pty Ltd
ABN: 40 114 266 698 AFSL: 292464

23. Why Brisbane Property
Where do you want to be?
Trend – Decline in AUD could be a huge Short Term Catalyst!
Source: Australian Bureau of Statistics
Corporate Authorised Representative No. 416788
of Avestra Capital Pty Ltd
ABN: 40 114 266 698 AFSL: 292464

24. Enhancing Returns
through
CO-DEVELOPER
Where do you want to be?

25. Introducing Co-Developer
Where do you want to be?
• Bringing retail investors into the wholesale property market
• Combining Investors funds with property developers knowledge to
generate higher returns
1+1=3

26. Co-Developer
Where do you want to be?
What is Co-Developer?
• Private investors Co-Develop an investment to produce ABOVE AVERAGE returns
by investing in an asset at WHOLESALE prices that are valued at RETAIL values.
• UGC establishes a Special Purpose Vehicle (SPV) as development structure.
• Investors become shareholders of SPV through contribution of capital of between
est. $80,000 to $120,000
• SPV acquires development site, and develops site by pooling funds with other
investors in a boutique development (b/w 8 - 20 units or townhouses) and secures
construction finance.
• Investors become the developers with a view to owning a property at the end.
Investors keep the developer margin.
Corporate Authorised Representative No. 416788
of Avestra Capital Pty Ltd
ABN: 40 114 266 698 AFSL: 292464

27. Co-Developer
Where do you want to be?
Co-Developer Strategy Continued…
• UGC becomes project manager to act on behalf of clients to source appropriate
property, complete due diligence and manage the project and appoint consultants
i.e. builders, town planners, architects etc.
• ~70% of end investments are pre-sold to Co-Developers, ~30% sold on open
market to enhance returns on completion.
• The property is built and development profits from sale of last ~30% of end
properties AND retained development margin on own property subsidies
acquisition cost.
• Indicative Potential Profit: ~$50,000 to ~$70,000 on $500,000 property
investment.
• Indicative Potential Return on Invested Capital ~20.0% to ~30.0% per annum over
2 years
Corporate Authorised Representative No. 416788
of Avestra Capital Pty Ltd
ABN: 40 114 266 698 AFSL: 292464

28. Co-Developer
Where do you want to be?
Corporate Authorised Representative No. 416788
of Avestra Capital Pty Ltd
ABN: 40 114 266 698 AFSL: 292464
10-20% Development
Margin on costs to developer
Total Land Costs
Property Sourcing Costs
Site Acquisition Cost
10-20% Development
Margin on costs to INVESTOR
Enter investment at discount to market of approximately 10% to 15%
Property Sourcing Costs
Site Acquisition Cost
Building Costs:
- Construction Costs
- Consultants
- Holding Costs
- Marketing & Sales
- Company overheads
- Project management
Building Costs:
- Construction Costs
- Consultants
- Holding Costs
- Marketing & Sales
- Company overheads
- Project management

29. Co-Developer
Where do you want to be?
BENEFITS OF STRATEGY
• Enter investment between ~10% - ~15% below market value.
• Greater investment cash flow on capital invested.
• Greater Return on Equity.
• Higher depreciation allowances.
• Lower maintenance costs on new developments.
Corporate Authorised Representative No. 416788
of Avestra Capital Pty Ltd
ABN: 40 114 266 698 AFSL: 292464

30. Co-Developer in Brisbane
Where do you want to be?
Quality – Australian Demand for Unit & Town House Stock Increasing
Corporate Authorised Representative No. 416788
of Avestra Capital Pty Ltd
ABN: 40 114 266 698 AFSL: 292464

31. Where do you want to be?
Quality – Brisbane Ideal for Unit & Town House Stock
Forecast Change in households from 2006 to 2031
Household type projections Growth in Number Percentage Change
Couple families with children 189,700 40.3
Couple families without children 377,600 88.2
Lone person households 334,500 93.6
One-parent families 126,000 71.6
Group households 25,700 40.0
Other families 9,560 49.8
Non-classified households 40,800 58.3
TOTAL HOUSEHOLDS 1,104,000 69.6
Corporate Authorised Representative No. 416788
of Avestra Capital Pty Ltd
ABN: 40 114 266 698 AFSL: 292464
Co-Developer in Brisbane

32. Introducing Brett
Dickinson
Where do you want to be?
• 6 Years in Corporate Finance
• RG-146 Compliant
• 3 years in project marketing
• 3 years in development and site feasibility and sales
Corporate Authorised Representative No. 416788
of Avestra Capital Pty Ltd
ABN: 40 114 266 698 AFSL: 292464

33. Property Strategies
Where do you want to be?
What if you could combine the best of all these strategies
STRATEGY PRO’S CON’S
Renovation Manufacture Capital Gain
Increase Yield
Time Consuming
Requires Knowledge/Experience
Unknown Issues – Budget Blowing
Limited Tax Efficiency
Sucker Strategy
Land Banking Long Term Capital Growth No ability to influence outcome
Low Leverage
Generally poor locations
No cash flow
Buy and Hold Passive Investment
Long Term Capital Growth
Limited ability to add value
Minimal depreciation
Off the Plan Stamp Duty Savings
High Tax Deductions
Can be overpriced
Delays
Developing Higher Returns (Banks Require 20%+)
Can manufacture growth and increase
yields
Requires specialist knowledge and
research
High Capital Outlay
Corporate Authorised Representative No. 416788
of Avestra Capital Pty Ltd
ABN: 40 114 266 698 AFSL: 292464

34. How Development Works
Where do you want to be?
A successful property development will progress through the following phases:
Settlement
Construction
Financing
Pre-Sales
Planning
Site Acquisition
Corporate Authorised Representative No. 416788
of Avestra Capital Pty Ltd
ABN: 40 114 266 698 AFSL: 292464
70% Pre-Sales

35. How Co-Developer Works
Where do you want to be?
Structure
Co-
Developer
1 Pty Ltd
Management Agreement
Directors
Investors (Co-Developers)
Builder
Bank
Tri Partite Agreement
Guarantee
Preferential Shares linked to Apartment
Contract of Sale for Apartment
Corporate Authorised Representative No. 416788
of Avestra Capital Pty Ltd
ABN: 40 114 266 698 AFSL: 292464
$80,000 - $120,000 Investment

36. Co-Developer Timeline
Where do you want to be?
0-2 2-4 4-6 6-8
8-
10
10-
12
12-
14
14-
16
16-
18
18-20 20-22
22-24
Investor Capital
Contribution
Investor
Ballot
Obtain
Pre-
Approval
Settlemen
t
Project Pre-Sales Construction
Settlemen
t
Finance Land Deposit
Land
Settlement
Constructio
n Finance
Settlemen
t
Corporate Authorised Representative No. 416788
of Avestra Capital Pty Ltd
ABN: 40 114 266 698 AFSL: 292464
Months

37. Critical Success Factors
Where do you want to be?
 Site Selection
 Building Design & Quality
 Risk Management
Corporate Authorised Representative No. 416788
of Avestra Capital Pty Ltd
ABN: 40 114 266 698 AFSL: 292464

38. Site Selection
Where do you want to be?
Location
 Close proximity to the CBD, public transport, shops, services and
amenities and other popular high capital value suburbs
 Low rental supply and high rental demand
 High numbers of owner occupiers in the area and high income
demographics to attract quality tenants
 Limited supply of existing new and future boutique development sites
Corporate Authorised Representative No. 416788
of Avestra Capital Pty Ltd
ABN: 40 114 266 698 AFSL: 292464

39. Site Selection
Where do you want to be?
Criteria
 Minimum 800m2
 Can accommodate 6+ units
 With Development Approval (and permit for appropriate building)
 Services already in place (or low cost to implement)
 Minimal site works required (demolition, basement, builder access)
 Price ~$100k per unit
Corporate Authorised Representative No. 416788
of Avestra Capital Pty Ltd
ABN: 40 114 266 698 AFSL: 292464

40. Building Design & Quality
Where do you want to be?
Criteria
 Architecturally designed and consistent with the landscape but unique in
their own right
 Small numbers of apartments in each complex, thoughtful design, no
wasted unusable common spaces, low maintenance gardens and robust
construction materials that require minimal ongoing maintenance over
time (Low Owners Corporation Fees)
 Spacious, sensible and multi-purpose open plan layouts with ample light,
ventilation, storage and privacy
 High quality materials and brands, fixtures and fittings
Corporate Authorised Representative No. 416788
of Avestra Capital Pty Ltd
ABN: 40 114 266 698 AFSL: 292464

41. Building Design & Quality
Where do you want to be?
Examples
Corporate Authorised Representative No. 416788
of Avestra Capital Pty Ltd
ABN: 40 114 266 698 AFSL: 292464
This is not an actual UGC project and is only being used for illustrative purposes.

42. Risk Management
Where do you want to be?
Stage Risk Consequence Mitigation
Site Acquisition • Choosing wrong site
• Paying too much
• Non viable project • In Depth Research
• Accurate Feasibility
• Thorough DD
• Quality Team of Advisors
Planning • Not obtaining (suitable)
development approval
• Sunk costs
• Non viable project
• Only accessing sites with DA
Pre-Sales • Slow sales • Additional holding
costs reduce profit
• Co-Developers provide
necessary pre-sales
Financing • Failure to Obtain • Stalled Project • Pre-Approval with Broker
advice, Having multiple lenders
screened.
Construction • Delays
• Builder Solvency
• Reduced Returns
• Stalled Project
• Contingency factored in &
penalties in construction
contract
• Builder Selection
Settlement • Purchasers fail to settle • Shortfall in debt
repayment
• All co-developers pre-approved
• Retail purchasers 10% deposit
Project Risks
Corporate Authorised Representative No. 416788
of Avestra Capital Pty Ltd
ABN: 40 114 266 698 AFSL: 292464

43. Co-Developer Forecast
Where do you want to be?
Expenses
Site Purchase $900,000
Development Costs $310,000
Construction Costs $1,240,000
Sales Costs $45,000
Finance Costs $180,000
Administration Costs $265,000
Total Costs $2,940,000
Sales Revenue $3,457,000
Project Profit $517,000
Co-Developer Return (x6) $66,750
Co-Developer Return (IRR) 29%
Example – Kedron
Corporate Authorised Representative No. 416788
of Avestra Capital Pty Ltd
ABN: 40 114 266 698 AFSL: 292464
This is not an actual UGC project and is only being used for illustrative purposes.

44. Co-Developer Forecast
Where do you want to be?
Expenses
Site Purchase $1,200,000
Development Costs $330,000
Construction Costs $1,800,000
Sales Costs $52,000
Finance Costs $230,000
Administration Costs $285,000
Total Costs $3,897,000
Sales Revenue $4,567,000
Project Profit 670,000
Co-Developer Return (x7) $69,860
Co-Developer Return (IRR) 30%
Example – Morningside
Corporate Authorised Representative No. 416788
of Avestra Capital Pty Ltd
ABN: 40 114 266 698 AFSL: 292464
This is not an actual UGC project and is only being used for illustrative purposes.

45. Co-Developer Financials
Where do you want to be?
Individual Scenario
Type Sale
Price
Investment Return Balance
Required
Total
Contribution
Discount
to Market
1 Bed $420,000 $100,000 $50,000 $270,000 $370,000 12%
2 Bed $475,000 $100,000 $50,000 $325,000 $425,000 10.5%
3 Bed $519,000 $100,000 $50,000 $369,000 $469,000 9.5%
Corporate Authorised Representative No. 416788
of Avestra Capital Pty Ltd
ABN: 40 114 266 698 AFSL: 292464

46. The Win-Win
Where do you want to be?
What’s in it for UGC • Better Investments for clients
• Management Fee ~$8,000 per month capped @ 24
Mths
• Advocacy Fee (Feasibility & Due Diligence) $11,000
per investment
• Performance Fee (Only above 20% IRR)
Alignment of Returns • UGC only receives a return if investors achieve >20%
IRR. Return above 20% IRR distributed 50% investors /
50% UGC
Accountability • UGC are guarantors of debt facility & responsible for
all day to day management
Transparency • All Investors have access to Document Repository
• Cloud based accounting with full view access
Corporate Authorised Representative No. 416788
of Avestra Capital Pty Ltd
ABN: 40 114 266 698 AFSL: 292464

47. How Co-Developer Works
Where do you want to be?
What you can expect…
• Investors visit site at least twice. Once shortly after site
acquisition and once before settlement.
• We anticipate the development will fund the flights up and
back for one person per unit each time.
• You will be invited to attend the ballot at UGC’s office to
select your investment. Purchase Contracts will need to be
signed at the ballot. Prices set by independent valuer.
Corporate Authorised Representative No. 416788
of Avestra Capital Pty Ltd
ABN: 40 114 266 698 AFSL: 292464

48. How Co-Developer Works
Where do you want to be?
• Where appropriate, we may will survey your opinion and
feedback on certain features of the project.
• You will receive monthly reports from UGC on progress.
From site search through to settlement.
• Online access to accounting software reports AND
document repository
(Confidentiality Required)
Corporate Authorised Representative No. 416788
of Avestra Capital Pty Ltd
ABN: 40 114 266 698 AFSL: 292464

49. How Co-Developer Works
Where do you want to be?
Investor
Registration
Site Selection
Establish
Corporate
Structure
Investor Capital
Transfer
Site Settlement
Apartment
Ballot
Builder
Appointment
Construction Settlement
Corporate Authorised Representative No. 416788
of Avestra Capital Pty Ltd
ABN: 40 114 266 698 AFSL: 292464

50. What’s next…
Where do you want to be?
1. Complete the feedback form and register your interest
2. Book your Pre-End of Financial Year Review Meeting
PRIOR to 30 April 2015
3. Personalised Statement of Advice will be issued shortly
after meeting
4. Acquisition ready. All investors to arrange finance pre-
approval and financial affairs
Corporate Authorised Representative No. 416788
of Avestra Capital Pty Ltd
ABN: 40 114 266 698 AFSL: 292464

51. What’s next…
Where do you want to be?
5. Anticipate taking commitments from 18 May 2015 -
Priority will be given on a first come first served basis.
Whoever is Acquisition Ready AND Commits first will be
given priority to participate
6. Anticipated start date for site search to begin early June
2015
7. UGC to take out “Option to Buy” on identified site
8. Special Purpose Vehicle (SPV) to be established
9. Final Call on capital made
Corporate Authorised Representative No. 416788
of Avestra Capital Pty Ltd
ABN: 40 114 266 698 AFSL: 292464

52. Why Participate Now?
Where do you want to be?
1. Participants in the first project will have first right of
refusal to participate in the next project.
2. TIMING IS EVERYTHING. NOW IS PROVIDING THE IDEAL
SET OF CONDITIONS FOR THIS OPPORTUNITY TO BE A BIG
SUCCESS.
3. Participation now gives best chance to benefit from
development profits AND also natural price appreciation.
4. We only anticipate running one project at a time in the
near term.
Corporate Authorised Representative No. 416788
of Avestra Capital Pty Ltd
ABN: 40 114 266 698 AFSL: 292464

53. Why Participate Now?
Where do you want to be?
5. Future projects will be dependent on capacity to manage
further developments.
6. Future projects will be dependent on future financial
conditions, availability of suitable sites, market conditions,
client interest etc.
7. All the above conditions are in play today. We can’t say
whether or not they’ll be as favourable in the future.
Corporate Authorised Representative No. 416788
of Avestra Capital Pty Ltd
ABN: 40 114 266 698 AFSL: 292464

54. Any Questions?
Please complete Feedback Form
Where do you want to be?
Corporate Authorised Representative No. 416788
of Avestra Capital Pty Ltd
ABN: 40 114 266 698 AFSL: 292464