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Lucent Group Shaping the future today. LUCENT STRATEGIC LAND FUND The case for investing in Strategic Land Lucent Group Shaping the future today.
Lucent Group
Shaping the future today.
LUCENT STRATEGIC LAND FUND
The case for investing in Strategic Land
Lucent GroupShaping the future today.
Lucent Group
Shaping the future today.
Lucent Group
Shaping the future today.
Strategic Alliances
• GVA Grimley – a major property consultancy providing leading financial,
development and regeneration services
• Eversheds - leading lawyers in regeneration and development and
public/private partnerships
• BDO LLP – specialist tax advice
• BNP Paribas Real Estate – valuation
• Morgan Sindall Investments Limited – infrastructure delivery
• Several blue-chip institutional investors – JV equity participation
Lucent Group
Shaping the future today.
Strategic Home Builder Partners
Lucent Group
Shaping the future today.
Improving financial health of housebuilders in the UK Q1 2012
• Feb. 22nd : Galliford Try increase profits before tax by 89%
• Feb. 22nd : Barratt 40% increase in operating profit
• Feb. 23rd : Redrow profit leaps 80%
• Feb. 27th : Bovis had a 74% jump in pre-tax profit for 2011
• Feb. 28th : Persimmon had a pre-tax profit up 55%
Lucent Group
Shaping the future today.
Lucent Group
Shaping the future today.
Lucent Group
Shaping the future today.
Lucent Group
Shaping the future today.
Population predicted
to be 65.6m by 2018
How will residential land prices behave in future?
Sources UK Land Registry ,Office for National Statistics
BNP Paribas RE confirm uplift in land value 2010-2011
Lucent Group
Shaping the future today.
Predicted Housing Demand
Yorkshire and the Humber
686,000
23% ����
690,000
37% ����
525,000
23 ����
790,000
36% ����
978,000
28% ����
838,000
26% ����
840,000
35% ����
Northwest
East Midlands
West Midlands
East
Southwest LondonSoutheast
Number of Percentage
new homes Northeast increase in
that will be total number
needed for 206,000 of homes
each region 19% ���� 2006-31
by 2031
751,000
34% ����
Article from the Sunday Times (Main News Section) 12th
September 2010.
Eric Pickles, the Communities Secretary, promises a construction boom that will create “homes folk
can be proud of”.
Lucent Group
Shaping the future today.
6 Stages of Real Estate Investment: Land is the Basis of Wealth!
Lucent Group
Shaping the future today.
The Lucent Approach
Market
Research
Deal
Sourcing
Site Analysis
& Acquisition
Site
Assembly
Exit
Strategy
•Macroeconomic•Site specific
•Extensive, organised network
•Pro-active contact
programme
•Specific investment
criteria
•Initial screen•Preliminary Board
approval
•Detailed financial
modelling
•Extensive asset due diligence
•Valuation
•Formation of detailed
plan
•Final Board approval
•“Hands On”approach
•Dedicated internal
team
•Strategic use of
external resources•Detailed business
plan
•Continual appraisal
of assets and
business plan
•Full use of resources •Detailed preparation
•Private treaty
•Off market transactions
Lucent Group
Shaping the future today.
The intrinsic value in land:
It is a simple case of supply and demand.
Lucent Group
Shaping the future today.
Lincolnshire Lakes: Lucent / North Lincs. Council
Lucent Group
Shaping the future today.
Lincolnshire Lakes: 21%+ IRR
Lucent Group
Shaping the future today.
Northstowe, Cambridgeshire / AXA – Lucent Advisors JV
Providing 9,500 new homes for 24,000 residentsProviding 9,500 new homes for 24,000 residents
Lucent Group
Shaping the future today.
Lucent Group
Shaping the future today.
Hertfordshire: 25 acres: residential reallocation
Schematic Design study
Lucent Group
Shaping the future today.
KMG SICAV SIF - Lucent Strategic Land FundKMG SICAV SIF - Lucent Strategic Land FundKMG SICAV SIF - Lucent Strategic Land FundKMG SICAV SIF - Lucent Strategic Land Fund
Expected Geographical Asset Allocation on Second Anniversary Expected Geographical Asset Allocation on Second Anniversary Expected Geographical Asset Allocation on Second Anniversary Expected Geographical Asset Allocation on Second Anniversary
Lincolnshire
10%Cambridgeshire
7%
Cornwall
6%
Devon
7%
Greater London
14%
Hampshire
8%Hertfordshire
7%
Kent
8%
Leicestershire
4%
Oxfordshire
8%
Wiltshire
3%
Surrey
6%
West Sussex
8%
Worcestershire
4%
Lincolnshire
Cambridgeshire
Cornwall
Devon
Greater London
Hampshire
Hertfordshire
Kent
Leicestershire
Oxfordshire
Wiltshire
Surrey
West Sussex
Worcestershire
Lucent Group
Shaping the future today.
KMG SICAV SIF - Lucent Strategic Land FundKMG SICAV SIF - Lucent Strategic Land FundKMG SICAV SIF - Lucent Strategic Land FundKMG SICAV SIF - Lucent Strategic Land Fund
Expected Asset Allocation by Land UseExpected Asset Allocation by Land UseExpected Asset Allocation by Land UseExpected Asset Allocation by Land Use
Residential 69%
Commercial 21%
Opportunistic
10%
Lucent Group
Shaping the future today.
KMG SICAV SIF- Lucent Strategic Land FundKMG SICAV SIF- Lucent Strategic Land FundKMG SICAV SIF- Lucent Strategic Land FundKMG SICAV SIF- Lucent Strategic Land Fund
Expected Duration of Portfolio on Second AnniversaryExpected Duration of Portfolio on Second AnniversaryExpected Duration of Portfolio on Second AnniversaryExpected Duration of Portfolio on Second Anniversary
36-60 month's
duration
29%
18-36 month's
duration
33%
0-18 month's
duration
28%
Cash
10%
Cash
0-18 month's duration
18-36 month's duration
36-60 month's duration
>60 month's duration
Lucent Group
Shaping the future today.
Lucent Strategic Land Fund
Luxembourg domiciled SICAV-SIF (a dedicated fund of the KMG SICAV SIF)Monthly SubscriptionsQuarterly liquidityGBP, EUR and USD share classes
Fund Service Providers: Custodian: KBL European Private Banker S.A.Administrator: Kredietrust S.A. Luxembourg have outsourced to:
European Fund Administration S.A. (EFA)Auditors: Deloitte S.A.Regulator: Commission de Surveillance du Secteur Financier (CSSF)
Lucent Group
Shaping the future today.
£25,000
US$40,000
Euro40,000
£10,000
£10,000
US$15,000
Euro15,000
Minimum Investment
20% of net profits after a monthly hurdle of 0.65% is achieved (8%p/a)
A high watermark principle is appliedPerformance Fee
No Charge
but there is a 12 month tie in on new investments
5% reducing by 1% p/a over 5 years
6% reducing by 1.2% p/a over 5 years
Redemption Charge
Up to 5%No Charge
(100% allocation)
No Charge
(100% allocation)Initial Charge
0.85%1.6% 1.6% Annual Management Charge
BA2AShare Class
Fund Details
Lucent Group
Shaping the future today.
ISIN Numbers and Bloomberg Ticker
LU0517777941GBPI
KMGLDBU LXLU0517777784USDB
KMGLDBG LXLU0517777602GBPB
KMGLDBE LXLU0517777867EURB
KMGLDAU LXLU0517777354USDA
KMGLDA2 LXLU0517777511GBPA2
KMGLDAG LXLU0517777271GBPA
KMGLDAE LXLU0517777438EURALucent Strategic Land Fund
Bloomberg TickerISINCurrencyClassFUND NAME
Lucent Group
Shaping the future today.
Adam Smith – The Wealth of NationsPublished 1776
“Land is the basis of all wealth”
Lucent Group
Shaping the future today.
Lucent Global Distribution Limited - Disclaimer
The following notes should be read in conjunction with the attached document. Please note these materials are for information
purposes only. The information set forth herein is subject to change without prior notification and Lucent Global Distribution Limited and
its affiliates make no express or implied warrants concerning these materials. The information is based on data believed to be accurate,
but such accuracy cannot be assured.
Issued by Lucent Global Distribution Limited. Registered office: 10 Peel Road, Douglas, Isle of Man IM1 4LR. Tel: +44 (0) 1624
647070.Past performance is not a guide to future performance. The value of investments can fall as well as rise and is not guaranteed.
You may not get back the amount you originally invested. Changes in the rates of exchange between currencies may cause the value of
the investments to diminish or increase. Levels and bases of taxation may change from time to time.
The above warnings are explained in greater detail in the fund specific risks in the current Supplementary Prospectus and you should
read them before investing. This document does not constitute an offer or invitation to anyone to invest in any of the Lucent Global
Distribution Limited fund(s), and has not been prepared in connection with any such offer. Subject to the express requirements of any
client specific investment management agreement or relating to the management of a fund, we will not provide notice of any changes to
our personnel, structure, policies, process objectives or, without limitation any other matter contained in this document.
The Lucent Strategic Land Fund (“LSLF”) is a Luxembourg-based SICAV-SIF which is available for sale in certain jurisdictions only.
LSLF is not available for sale in the US or to US persons. Product information concerning LSLF should not be published in the US.
Lucent Global Distribution Limited is the UK and International promoter of LSLF. All decisions to subscribe to for shares in LSLF must
be made on the basis of the information contained in the current LSLF Supplementary Prospectus which is available on our website.
Any research in this document has been procured and may have been acted on by Lucent Global Distribution Limited for its own
purpose. The results of such research are being made available only incidentally. The views expressed do not constitute investment or
indeed any other advice and are subject to change. They do not necessarily reflect the view of any company in the Lucent Group or
any part thereof and no assurance are made as to their accuracy.
Unless otherwise specified, all information contained in this document is current as at the date on the front page of this presentation.
