Over 340 everyday people came together last year to make Collett’s Corner New Zealand’s first community minded, equity crowdfunded commercial property development. This is your opportunity to join us. The minimum investment is one share ($120).
Why should I invest?
Collett’s Corner combines financial return, tangible ownership in a prominent and sought-after Lyttelton property and social impact. The building will generate income for investors through renting the ground floor and basement.
When is this happening?
The building is now designed and consented. Construction begins in 2022 and the doors are planned to open in 2023. You can buy shares in Collett’s Corner Limited through our second Equity Crowdfunding campaign launching on 23 September 2020.
Property development is an iterative process. We share regular updates about the project as it progresses through the various stages. The benefit of this approach is that you get to see behind the scenes as we share the key decisions and steps. As well there are regular opportunities for you to share with us your insights so that we can advance the design together. If you would like to receive updates please register your interest on the contact page. If you missed any of the previous updates, below is a complete list.
Oct 2020 - Reflections on conversations from around the country
Oct 2020 - What makes Collett's Corner unique?
Oct 2020 - $400,000 (50%) target reached!
Sep 2020 - What are the financial returns?
Sep 2020 - Equity Crowdfunding Live / Roadshow details
Sep 2020 - Apartment Sales Launched / Prep for Equity Crowdfunding Launch
Sep 2020 - New Director, Announcing Equity Crowdfunding Launch
Aug 2020 - AGM / Welcome new team members
July 2020 - Save the date for the AGM
May 2020 - Covid 19 Update - Restart in October
Mar 2020 - Covid 19 - Temporary Pause
Mar 2020 - People Powered Property Development
Mar 2020 - Project Update: Resource Consent, Wellbeing Operator, Apartments
Jan 2020 - Reminder Public Notification Submission
Dec 2019 - Project Update: Apartments / Consent / Wellbeing
Nov 2019 - Project Update: Team and Resource Consent
Sep 2019 - Project Update Presales and Preleasing
July 2019 - Project update - Resource Consent Submitted & Survey Results
June 2019 - Project update and design changes
March 2019 - Equity Crowdfunding Celebration
February 2019 - Equity Crowdfunding update
February 2019 - Equity Crowdfunding Launch
January 2019 - Equity crowdfunding Important Dates
December 2018 - Project update and design changes
October 2018 - Investor Forum
September 2018 - Press Release Winning Competition Announcement
August 2018 - Invitation to concept design presentations
July 2018 - Three Finalists Announced
June 2018 - Design Competition Exhibition
May 2018 - Design Competition Meeting Invitation
April 2018 - Project Update - Attraction Model
Lytteltonions (people that work, live or own property in the Harbour Basin)
Investors in Collett's Corner (public register of all shareholders)
Collett's Corner residents
Future tenants and business owners
Listening & Ideation Phase: July - December 2017
Workshops, surveys and interviews to gather ideas from the local Lyttelton community.
Scoping Phase: January - May 2018
Community feedback on options, feasibility report completed and open design competition initiated.
Concept Design: June - September 2018
Open design competition voted on by the public.
Preliminary Design: October 2018 - February 2019
Design team assembled, business plan created, early investment raised, integrated feedback from community and Council sough, associated design changes made, drawings for resource consent and resident and tenant brochures completed.
Equity Crowdfunding #1: February - March 2019
Raised $503,800 from 345 everyday people across Aotearoa.
Resource Consent and Pre-Construction: March 2019 - March 2020
Resource consent granted, bank funding indicative terms defined, contractor and architect selected, cost plan updated and design team consultants identified in preparation for next phase.
Covid-19 Pause: April - July 2020
The project was paused to meet lockdown requirements and out of consideration for people’s safety.
Equity Crowdfunding #2: August - October 2020
Kiwis can purchase shares in Collett's Corner Ltd, which will own the ground floor and basement.
Pre-Construction: November 2020 - December 2020
Complete drawings and plans for construction, obtain building consent, pre-sell apartments and lease commercial spaces, secure construction loan.
Construction Phase: January 2022 - May 2023
Complete the base build and fit out.
Opening: June 2023
Residents take ownership of the apartments and move in, building tenants move into leased space. Celebration!
Collett's Corner Constitution Collett's Corner Ltd is a for purpose company, which means the directors are bound to serve the purpose as set out in our constitution.
Shareholder Register Collett's Corner has 3500 shareholders, together we are investing in the change we want to see happen.
Share transfer form If you are an existing shareholder and you want to transfer your shares this is the form you need to fill in.