Prittworld Properties & Mortgages Limited COMPANY PROFILE. Making your investment dream a reality

Transcription

1 Prittworld Properties & Mortgages Limited COMPANY PROFILE Making your investment dream a reality

2 Prittworld Properties & Mortgages Limited Our Vision To be the premier development consultancy, project management, home construction and mortgage Brokerage Company in Africa Our Mission To provide market-oriented and quality project management, development consultancy, home construction and mortgage financing services to the investors in the real estate industry with an aim of stimulating and realising the social-economic benefits through a harnessed investment value. Core Values At Prittworld Properties & Mortgages Limited, we believe in providing technical and financially innovative solutions earmarked at making the investment dreams in real estate a reality. Prittworld Properties & Mortgages Limited is a onestop shop offering contemporary & innovative products and services in the housing sector. The company was formed in 2013 out of the need to simplify the mortgage & home ownership landscape in the Kenyan market. To achieve its mandate, the company embarked on a wider consultative discussions and research on the challenges being experienced on the housing market. This therefore enabled us to come up with wider and integral solutions in home ownership, construction financing or property management.

3 DEPARTMENTS Prittworld Properties & Mortgages Limited provides an all-round solution in real estate & housing investment. The following is our organization structure:

4 OUR SERVICES Feasibility Study & Documentation The demand for a particular housing product in the market depends on its viability to the target market in size, design and pricing. Prittworld Properties & Mortgages Limited usually carries out comprehensive feasibility study on its proposed development which therefore influences the following: Housing sizes in plinth areas on a proposed development depending on the target market, preferences-economic, cultural etc; The pricing ranges for the proposed housing development; The ancillary features to be included in the development depending on the target market; The marketing strategies since different target markets tend to have different marketing techniques; Project designing & approval process Mortgage Brokerage & Project Financing Our Mortgages & financing unit is responsible for assisting customers wishing to apply mortgage finance either to buy an already complete housing or developing their individual house or a housing develop access suitable financing package; The unit is responsible for sourcing and negotiating the most suitable financing package depending on the type of development such as owner's occupation, residential houses for sale, for rentals, shopping malls or any other type of development. We also assist sourcing financing for plot or land acquisition

5 The unit is responsible for the following: Cashflow modelling to determine on the repayment period (loan tenure), projected cashflow & the Return on Investment (ROI) versus Cost of Capital; Assist in analysis the audited accounts (for business applicants) or payslip & other employment contracts (for employed applicants); Negotiating with the most suitable financier on the loan terms depending on the nature of transaction; Project Management & Monitoring Our vibrant and highly efficient project management unit is responsible for the following functions at implementation & post implementation stages of the project delivery: Ensuring the programme of works for the particular project has captured all the critical path components/activities and therefore can be relied upon in negotiating the disbursements from the financier as well as engaging and negotiating with the contractor; Monitoring the construction progress and ensuring the quality standards are well adhered to; Ensuring the project has all the required licenses and the professional indemnity covers for the relevant professionals are valid during the implementation life; Ensuring the clerk of works is always present on site; Receiving weekly site progress reports from the clerks of works; Compiling the progress report and sharing the information with the relevant stakeholders such as the developer, financiers etc; Ensuring the safety on site is well complied with; Attending site inspection meeting for the consultants; Attending & chairing site inspection meeting; Requesting for snag list from the clerk of works atleast once every month; Sales & Marketing We have a marketing unit which carries out the following functions; Linking prospective buyers to the houses for sale; Assisting on due diligence on the properties on sale; Carrying out the necessary documentation such as letter of offer & sale agreements; Advisory services to the prospective buyers; Assisting in collecting the necessary documentation if the buyer wants to be financed;

6 OUR PRODUCTS Our aim is to ensure that we have an innovative solution to all the challenges being experienced in the housing industry. To manage on this, Prittworld Properties & Mortgages Limited has devised four products in the real estate market targeting both individuals and corporates wishing to buy or build for their own occupation or for investments. This includes: Nyumba Smart Diaspora Jipange Nyumba Plus Prittworld's Tujenge Maka0 (Sacco's & Chama Housing Product)

7 1 Nyumba Smart The product is ideal for those interested in developing their own occupier homes for living. Nyumba Smart is a full package from the design stage all through to the completion and final handover to the ultimate beneficiary. The following are the components of the Nyumba Smart package: KPLC connections on behalf of our clients; Requirements: For salaried customers (Employed Customers) Land title deed for the plot where the house(s) will be built-the title deed should be free from encumbrances; Original pay slips for three consecutive months (For spouses, you may provide both pay slips for consideration); Originals and copies of PIN Certificate and the ID card; Compliance certificate from KRA,HELB & KACC; Dully filled application form from Prittworld Properties & Mortgages Limited; 2 Nyumba Plus The product is ideal for the developers targeting developments for investment purposes namely; Residential homes for sale or rental; Shopping Malls; Schools etc;

8 Also, under Nyumba Plus we offer a full cycle package from the feasibility study & concept formulation stage all through to completion & handover (if it is for sale) and if it is for sale, we carry out the sales & marketing process; The following are the salient features of the Nyumba Plus housing package; Design & approvals-we carry out the project planning & design from our project designing unit and follow up on approvals; Construction financing-we arrange on behalf of our clients a suitable financing package which suits the type of the development proposed to be carried out; Project Management-We ensure your project meets the 3 basic requirements- delivery speed, cost and quality; Disbursement monitoring-we manage the disbursement of funds from the financier so as to stem unnecessary escalation of interest costs; Sales & Marketing-This applies for the project for sale where we conduct marketing for the houses both locally & in the Diaspora Requirements: For salaried customers (Employed customers) Land title deed for the plot where the house(s) will be built-the title deed should be free from encumbrances; Original pay slips for three consecutive months (For spouses, you may provide both pay slips for consideration); Originals and copies of PIN Certificate and the ID card; Compliance certificate from KRA, HELB & KACC; Dully filled application form from Prittworld Properties & Mortgages Limited For Self-employed customers & Business customers Land title (free from encumbrances) where the houses will be built; Audited financials for at least three (3) consecutive financial years; Certificate of incorporation for the company plus memorandum & articles of association; PIN certificate for the company and the directors plus their ID cards (original & copies); Compliance certificate from KRA; Bank statements for at least 12 months; Duly filled application form from Prittworld Properties & Mortgages Limited

9 3 Diaspora Jipange Diaspora Jipange product targets individuals in the diaspora wishing to invest back home in their motherland. Most of the individuals in the diaspora find it difficult to invest in building their dream homes while in the diaspora mainly due to lack of streamlined structures meant to ensure that their remittances are fully channeled to the project. Under the diaspora Jipange package, we offer the following: Escrow account: The beneficiary from the diaspora opens an account through internet banking in one of our banks where we have an existing relationship. This helps in ensuring that the funds are well accounted for and the customer/beneficiary is able to access his/her account from the diaspora; Weekly progress update: We provide weekly progress update on the project's implementation from the clerk of works and monthly inspection report. This enables the beneficiary/investor to be always and constantly involved in the decision making. At Prittworld Properties & Mortgages Limited, we always embrace team effort. Full packaged product: We offer a full packaged product from the inception stage all through to completion & handover; Professional indemnity cover: All our professionals are under professional indemnity cover umbrella from Prittworld Properties & Mortgages Limited which indemnifies in the event of professional negligence from the company Requirements: Full copy of the Kenyan passport/kenya National Identity Card; Copy of the Kenyan PIN certificate; Valid copy of the residence/work permit; Copy of the recent utility bill (gas, power); Letter from employer stating employment terms; Fill in & sign engagement application form from PPML;

10 4 Prittworld's Tujenge Makao (Saccos & Chama Housing Product) Are you a Sacco or a registered Chama wishing to grow your investment or to save for a housing scheme? Are you planning to buy a plot and then build a housing project for the members in relation to the members' contribution and finance ability? Then the Tujenge Makao Housing Product from Prittworld Properties & Mortgages Limited is the most ideal product for chamas and housing Saccos. a) Eligibility Prittworld's Tujenge Makao product is a housing investment scheme for Saccos or Chamas wishing to do a housing construction project or buying already completed housing for the members. The Sacco or Chama should be registered and the membership should be verifiable so as to ensure a transparent transaction. b) Our Involvement Prittworld Properties & Mortgages Limited being a one-stop shop will walk with the Chama or the Sacco till the end of the project. Our scope in this product includes: Feasibility study & project designing; Review of the members' mortgage eligibility; Structuring a suitable & flexible mortgage financing; Project management & supervisor role during construction; Arranging for mortgage financing for the members upon completion; Advising the members on the property management after project occupation; c) Benefits of having Prittworld Properties & Mortgages Limited as your preferred partner in your Chama or Sacco's housing development Competence & experience: Prittworld Properties & Mortgages Limited has an experience spanning for over 10 years in corporate housing transactions. We have the capacity to design and arrange a suitable construction and mortgage financing that suits your Chama or housing scheme. One-Stop Shop: We are a one-stop shop firm offering all the housing investment services under one roof. We provide a full range pack of services from the feasibility study, members' income review, designing, finance arrangement, construction management and mortgage financing to the members' once the project is complete. o We run the full set of services on behalf of the housing Sacco or the Chama. Real Estate advisory services: We have a fully-fledged unit offering the necessary investment advisory services required for making the correct and informed investment decision. o We also try as much as possible to match the member's income levels with the monthly mortgage contribution. Mortgage financing: We always ensure the best mortgage terms to the co-operative or Chama members for the housing loans.

11 MORTGAGE FINANCING DEPARTMENT Prittworld Properties & Mortgages Limited has a fully-fledged department dealing with Mortgage Brokerage. The functions of the Mortgage Brokerage unit are to source for the clients the most suitable mortgage or construction financing to acquire or develop homes or construction projects as well as for the acquisition of land properties. Prittworld Properties & Mortgages Limited is not a bank but a sincere partner in ensuring that you get the best deal in the market which suits your cash flow programmed without a stress. The functions of our Mortgage Brokerage unit: Financial structuring: This is the process of reviewing your financial prowess in order to determine on the repayment levels; Financial advisory services: This involves a one-on-one discussion in financial & investment discussions; Technical advisory services: This involves proving technical insights on the intended development in regard to the main specifics or development goals of the intended development; Marketing advisory services: If for sale or rental, we advise on the required developments specifics which will need to be considered to make the development attractive to the market and achieve a high sales turnover at the minimum possible period or a high occupancy levels; Documentation: We process the required loan documentations for our clients; Negotiations: We arrange for the most affordable terms for our clients; Process advocates: We usually walk the process with our clients till the end. Our scope Prittworld Properties & Mortgages Limited to arrange financing for the following Home acquisition; Construction for own home-(nyumba Smart Home Product); Construction financing for sale or for rental (investment properties) Purchase of land; Merged transaction for acquisition of land & building as one product; Other construction & investment ventures;

12 Prittworld Construction Limited Quality beyond Experience Prittworld Construction Limited (PCL) is a registered contractor with National Construction Authority (NCA) to offer builders and construction works. PCL has earned a positive reputation in the market for offering world class construction services. PCL is made up of professionals who possess a high degree of competence and background in construction management, designing, engineering and building economics. Our professional approach is focused and ethically defined To be the best construction company in offering world class OUR VISION CORE VALUES To be the market leader in offering world class construction services through proper cost management, transparency in service delivery, quality workmanship and strict adherence to the project's schedule to achieve a harnessed investment value proposition. Transparency; Integrity; Purpose driven OUR MISSION

13 OUR AREAS OF EXPERTISE A Home Construction We are the ambassadors of the Nyumba Smart product offered by our parent company-prittworld Properties & Mortgages Limited. Upon the submission of all the approvals, we carry out the implementation works on the ground to ensure the expected quality has been achieved within the prescribed form and within the scheduled time frame We provide the following service package: Concept design; Approval for the drawings & any statutory compliance; Mortgage finance arrangement; Construction & landscaping; Handover after practical completion We provide a full set of services up to completion

14 B Repairs & Maintenance We give a new face to building. This is through carrying out the following works: Tiling & Floorings; Fixtures & fittings; Swimming pool maintenances; Masonry works; General repair works & maintenances; Painting We are a team of experts with strong commend of skills and knowledge in various fields. We provide professional indemnity cover for all works C Interior designing We have the best reputation on the interior designing and landscaping. Our motive is to produce a psychological therapy and a romantic feeling on homes and offices. We offer professional advice which when combined with the client's preferences produces a unique blend of artwork.

15 D Landscaping We do the following among others Pot flowering Gardening & flower planting Lawn mowing Property landscaping & management E Sale & supply for the building finishes We procure and supply the following building materials to developers at competitive prices: Tiles Paints Stone Coated roofing tiles Prittworld Properties & Mortgages Limited

16 PRITTGUIDE Your Number one property Market Slogan To be the global market leader in property selling & marketing. About Us Prittguide is the property sales & marketing arm for Prittworld Properties & Mortgages Limited. Prittguide is positioning itself to be the global marketing leader in property selling business. Prittguide adheres to strict policy which is drafted to ensure 100% customer satisfaction through ensuring the buyer gets a value for his or her investment while the seller is satisfied with the selling process. Prittguide is guided by the following policies and practices: Ethics & Integrity: We only deal with genuine transactions which have received a positive nod after the due diligence; Customer satisfaction: Our goal is to our clients to make a value for their investment; Capital appreciation: Whatever you invest in, there must be a capital appreciation, we invest to grow our capital base and that is our motto; Prittguide is registered with the Marketing Society of Kenya. The continued growth in the property industry and increased sophistication has made it necessary for interested players to make competent and prudent decisions. Principally, real estate decisions take time to make and involve large capital outlays. Consequently any chance to avoid or minimize risk or errors translates into a saving in terms of both money and time. With this environment, making a decision in property investments can be daunting. Seeking an independent dedicated facilitator like Prittworld Properties & Mortgages Limited who can navigate the financial and construction sectors will go a long way in making the process simple for you. ON SALE

17 OUR SERVICES PRITTGUIDE Your Number one property Market Market Intelligence Surveys (Feasibility Studies): We advise on our investors on the best investment depending on their investment objective by scaling down on the expected revenues vis-à-vis the projected risk. Due to our expertise knowledge in our approach, we are rated the best real estate company in property marketing and investment strategies. Market Price determination: Selling price determination is one of the most difficult parameters to fix on during the selling of a property. Although the correct pricing is influenced by the forces of demand and supply, the intrinsic value of a property is determines through asset valuation or cost price determination. We are expert and through a cost priced cash flow, we advise our clients on the minimum selling price which will not render to underpricing of a particular asset/property. Promotional Marketing Strategies: We help in devising marketing strategies which are performance-oriented and with lesser cash outlay. Different properties require different marketing strategies depending on the size and the target market. We advise on the promotional strategies which best suits a given property depends on the size, number and the target market. Our strategy is to have a maximum sales turnover at the least possible cost. Link between the buyers & the sellers: Prittguide is a link between the buyers and the sellers. We do receive your request to own a property and process the request and advice on the best property which best suits your investment dreams depending on your intended investment outlay and your future investment plans. Due diligence: Buyers have been conned by unscrupulous agencies and sellers purporting to sell properties only to realize their hard earned cash has been drained. Prittguide offers a thorough due diligence and by the time we are entering into an agency contract, we do authorize our in-house Lawyers to carry out an elaborative and enhanced due diligence. Marketing Management Plan: One of the documents, financiers usually insist for the developers to compile while sourcing for real estate financing is an elaborative marketing management plan which is a blue print on how the developer will carry out the sales & marketing on the proposed development. Our Marketing Management Plan is aligned with the development goal and objectives on which the developer wants to achieve as well as re-aligning itself with the target market. We advise on maximum achievement with minimum investment. ON SALE

18 Why Prittguide?? PRITTGUIDE Your Number one property Market Marketing expertise knowledge Prittguide is made up of marketing professionals in the property sector who will not only assist in you in the property acquisition process but also will advise you on the best investment value depending on your financial outlay and investment objective. Marketing Intelligence Surveys We conduct bi-weekly independent price movements in various property markets and this helps in advising our clients on how and where to invest in property market to make on arbitrage capital gains. Turnaround time We have the shortest turnaround time to process the property acquisition from the point of signing the offer letter to the conveyance and processing the title documents. Mortgage financing We provide financial solutions through our parent company, Prittworld Properties & Mortgages Limited suitable and affordable for acquiring the property of your dream. Our terms are friendly and flexible. One Stop Shop Prittguide is a one-stop shop in property business. We do all the processes including conveyance under one roof and this frees our customers to concentrate in other business. Prittguide has all the required professionals in real estate

19 Why choose Prittworld Properties & Mortgages Limited as your preferred development partner Faster turnaround time: We have eliminated unnecessary bureaucracies in our process making it easier and faster in realizing your investment dreams in housing; Large bouquet of products: We have an array of products offering solutions no matter the housing problem; Focus on risk mitigation: At Prittworld Properties & Mortgages Limited, we provide insurances to your project during the construction phase and thereafter, we provide a mortgage and personal insurances to ensure you don't lose your property in case of death, incapacitation or loss of income of the mortgagor; Accessible: We are positioned to serve you at all times; Better financed We help in arranging for you the most suitable financing package which will enable you realize your investment dreams with no challenges Professionalism We serve you with integrity and confidentiality; Safe & sound acquisition process We assist you to avoid the pit-falls in acquiring your home;

20 OUR SUCCESS STORY 1 Sigona Valley Project Sigona Valley is a tranquil gated community of 30 homes set on 4 acres just a stone's throw from Waiyaki Way and not far from the renowned Sigona Golf Club PPML was involved as finance arrangers; The project is at advanced implementation stages. 2 Sunset Paradise Apartments-Mombasa A luxurious oasis nested in an enclave where nature is the greatest amenity, an exclusive estate by design. It offers a sanctuary of relaxation where you unwind by the pool as you look yonder on the abundant green areas. The estate is a reward of your success. Phase 1 already complete and units fully sold. Phase 2 ongoing

21 OUR SUCCESS STORY Total number of units The project is comprised of 80 units Plinth area (M2) 2-br 90M2 3-br 120M2 Ancillary features: Each apartment has a self-contained Servant Quarter; WI-FI & TV connections on each room; Landscaped gardens Two parking lots per unit; Swimming pool with a 24-hour swimming pool attendant; Club house; Conference room & facilities; Gymnasium; Children's playgrounds; Jogging tracks; Borehole water backups;

22 OUR SUCCESS STORY 3 Karen Hilltop Gardens Project Karen Hilltop Gardens is all about lifestyle, comfort, and privacy. Sample extras to make your home tailor-made for you. Karen Hilltop Garden sits on top of a hill offering a terrestrial overview of Ngong Hills on the front and Nairobi CBD on the rear side with each house occupying approximately eighth (1/8th ) of an acre. Ancillary features: Each apartment has a self-contained Servant Quarter WI-FI & TV connections in each room Intercom Street lighting Cabro walkways & driveway Karen Hilltop Gardens Provides the following Master bedroom all ensuite; All ensuite guest wing; 2 additional ensuite bedrooms; Walk-in wardrobe; Guests rest room; Study room/in-house bar; Lounge; Dining area; Spacious modern kitchen; Pantry; Wash area/dhobi area; Spacious Detached Servant Quarter; Balcony; Development for twelve (12) townhouses for sale in Karen. Prittworld Properties & Mortgages Limited was used in the project from the concept and feasibility stage to completion & sales

23 OUR SUCCESS STORY 4 Orchid Gardens Apartments Project in Kitengela Orchid Gardens Estate is a comprehensive residential development encompassing 280 modern apartments with impeccable finishing. The 2 and 3 bedroom apartment options are set across a 7- acre parcel of land. Unique designs: Orchid Gardens is uniquely designed with spacious rooms and well organized site layout. The estate is also fitted with internet. This together with the with the greenery areas makes Orchid Gardens a classic development in Kitengela. The open kitchen design and well-lit estate makes Orchid Gardens the most ideal place to live on.

24 Prittworld Properties & Mortgages Limited Diaspora Contacts Prittworld Diaspora Contacts, Prittworld Properties Diaspora Ltd 05 North Negley Avenue, Pittsburgh, PA 15206, USA. Cellphone: Visit MOUNTAIN MALL THIKA ROAD Opposite Garden City - SECOND FLOOR,SUITE C nyumba@prittworldproperties.co.ke / /