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THE VOCO HOTELThe Bank
International Brand Hotel
Prime Location in Rosebank
Guaranteed Fixed Income
Guaranteed Capital Protection
Low Capital Risk
Guaranteed 4 Years Exit
Hassle-free Investment
Optomise Ventures Ltd is an Authorised Financial Service Provider (FSP 49628) in accordance with FSCA regulations
The Optomise Fund invests in sectional title hotel units in The Voco Hotel in Rosebank. Voco is part of the InterContinental Hotels Group, the fourth largest hotel group in the world with 5 656 hotels across 100 countries. The developer and the financial guarantor is Blend Property Group, a R2 billion unlisted diversified Property Fund.
IHG Hotel Brands
Investment ProductGuaranteed Fixed IncomeLease TermGuaranteed Capital ProtectionGuaranteed Minimum Capital GrowthGuaranteed Exit TermGuarantee Provider (Income & Capital)Minimum Guaranteed Total ReturnMinimum Guaranteed Total ReturnRisk RatingHotel OperatorMinimum InvestmentMaximum InvestmentMaximum InvestmentJobs CreatedLegal VehicleFSCA Approved FundInitial FeesAnnual FeesPerformance Fees *Closing Date
*Performance fees calculated on total capital growth above the initial investment**Optomise charges the developer a capital raising fee of 2.75%
7.70% per annum4 Years100%10%4 YearsBlend Property Group16.08% IRR (Individual/Trust)14.77% IRR (Company)Low RiskInterContinental Hotels GroupR 250 000R 2 500 000 (Individual/Trust)R 5 000 000 (Company)80 Permanent JobsOptomise Ventures Ltd (S12J Fund)FSP 496282.00%1.50%20.00%27 February 2020 (Tax Year-End)
OXFORD ROAD
GAUTRAIN
WEWORK
HYATT REGENCY
STANDARD BANK
ROSEBANK MALL
THE ZONE ROSEBANK
VOCO HOTEL UNDER CONSTRUCTION
Blend Property Group guarantees maintenance and management
Hassle-free Investing
How S12J WorksInvest in a unique share class within the Optomise Fund linked to The Voco Hotel in Rosebank
Tax benefit obtained by investor on subscription for new shares in a SARS approved S12J Venture Capital Company (VCC)
The Optomise Fund (VCC) invests in the Qualifying Company (QC)
The Optomise Fund holds ownership of hotel units in The Voco Hotel through the QC
INVESTOR
OPTOMISE FUND (VCC)
ASSET HOLDING COMPANY
(QC)
Net income into investor bank account as dividends every 6 months
Blend Property Group guarantees to buy back the hotel units after 4 years at a minimum guaranteed price and returns net proceeds from sale to investor
The Optomise Founders invest alongside investors
Net Total Rands ReturnedR2 000 000
R1 750 000
R1 500 000
R1 250 000
R1 000 000
R750 000
R500 000
R250 000
0
SARS S12J Cash Refund Cumulative Dividends Estimated Net Proceeds from Sale after 4 years
R 450 000
R 138 768
R 822 712
2020 2021 2022 2023 2024
R 1 411 480
Individual/Trust
For illustrative purposes R 1 000 000 investment is used
Upfront (net cash out)Gross Initial InvestmentSARS S12J Cash RefundNet Initial Investment
1 000 000(450 000)
550 000
450 000138 768822 712
1 411 480
After 4 Years (net cash in)SARS S12J Cash RefundCumulative DividendsEstimated Net Proceeds from SaleNet Total Rands Returned
RRRR
RRR
R2 000 000
R1 750 000
R1 500 000
R1 250 000
R1 000 000
R750 000
R500 000
R250 000
0
SARS S12J Cash Refund Cumulative Dividends Estimated Net Proceeds from Sale after 4 years
R 280 000
R 173 460
R 1 033 275
Net Total Rands Returned
2020 2021 2022 2023 2024
R 1 486 735
R 720 000 14.77% 4 Years R 1 486 735Net Initial
InvestmentTotal Return / IRR
after tax & feesGuaranteed Term Total Rands Received
after tax & fees
Company
For illustrative purposes R 1 000 000 investment is used
Upfront (net cash out)Gross Initial InvestmentSARS S12J Cash RefundNet Initial Investment
1 000 000(280 000)720 000
280 000173 460
1 033 2751 486 753
After 4 Years (net cash in)SARS S12J Cash RefundCumulative DividendsEstimated Net Proceeds from SaleNet Total Rands Returned
RRRR
RRR
WEWORK
UNDER CONSTRUCTION 2019
THE ZONE ROSEBANK
MCDONALDS
STANDARD BANK
ROSEBANK MALL
GAUTRAIN
Domestic Travellers (in millions)
Foreign Travellers (in millions)
Sources: Statistics South Africa, PricewaterhouseCoopers LLP, Wilkofsky Gruen Associates
Sources: Statistics South Africa, PricewaterhouseCoopers LLP, Wilkofsky Gruen Associates
7,57,26,86,5
6,26,05,75,55,45,35,15,0
12,111,710,810,510,510,310,05,4
9,69,5
20
122
012
20
132
013
20
142
014
20
152
015
20
162
016
20
172
017
20
182
018
20
192
019
20
20
20
20
20
21
20
21
20
22
20
22
20
23
20
23
8,9
11,2
Blend Property Group is a privately held property investment company which was established in 2006. The company operates from offices in Johannesburg and Cape Town with a fully integrated property approach focused on development and ownership in offices, retail, industrial and hospitality asset classes.
Through a diversified portfolio of commercial, industrial and retail properties, with a total GLA in excess of 200,000m2, the Blend Property Group’s asset base is in excess of R2 billion.
The core focus of Blend Property Group is in the major cities of South Africa The executive team of Blend Property Group has a wealth of experience in the property industry, both in the listed corporate space as well as in the private property investment space. Previous hotel exposure includes the 2013 acquisition of 15 on Orange, located in Cape Town managed by Marriott International under the African Pride brand. Having enhanced its profile and performance, Blend Property Group sold the asset in 2017.
THE HARRINGTON
17 BAKER STREETTHE CONSERVATORY
R2 billion Diversified Portfolio of Commercial, Industrial & Retail Properties
Established in 2015, Optomise is a privately held
alternative investments asset manager with
R340 million assets under management.
The company is both a SARS and FSCA approved
S12J Venture Capital Company (VCC).
Optomise manages an investment portfolio of 25
diversified S12J investments across various high
growth sectors including prime-located hotels, Uber
vehicle fleet rentals and solar energy installations.
Optomise has funded SMMEs and created jobs in the following sectors:
Assets Under Management
PortfolioInvestments
Permanent Jobs Created
Manufacturing
Hospitality
Medical
High Tech
Retail
Fibre
Solar Power
Asset Rental
For more information contact087 153 [email protected]
4th Floor, 20 Melrose PiazzaMelrose Arch, 14 Whiteley Road Melrose Johannesburg, 2076SARS Registration Number: VC - 150 (Optomise Ventures)
Optomise Ventures LtdCompany Registration Number: 2018/265393/06Authorised Financial Service Provider FSP Licence No. 49628
The information contained herein is for information purposes only and does not constitute advice in any form
Get in touch
Michael Roffey Executive Director BCom CA(SA)
Michael pioneered cellular phone micro-lending and device financing in South Africa. As a Fintech and Telecommunications leader, his products and services are today available in over 15 countries across three continents. Together with partners, he co-founded the largest independent cellular retail credit business and cellular handset finance business in South Africa. These businesses were sold to a JSE-listed company in 2013 and 2017 respectively. He has private equity interests in many sectors, including commercial property, telecoms, fintech, technology and financial services.
Mark Collie Executive Director BCom
Mark is a co-founder of Airvantage, a Fintech provider of mobile financial and value-added services for mobile network operators. In 2009, he founded Icon SA in partnership with Icon UK. Icon SA was appointed by FIFA to design, produce and install the signage and branding for the FIFA Confederation Cup 2009 and the FIFA World Cup 2010. He was previously the operations director of Wideopen Platform, the leader in large format outdoor advertising in South Africa which he sold to Primedia in 2006. Prior to this Mark was involved in Corporate Finance and Private Equity with the Buffet Investment Group.
Gadi Cohen Managing Director BBusSci CA(SA)
Gadi co-founded Optomise, one of the largest S12J Venture Capital Companies in South Africa. To date Optomise has facilitated the creation of over 631 permanent jobs in South Africa. Gadi has raised and deployed over R340 million of investor capital into more than 25 venture capital investments. Gadi is one of the leading experts in S12J in South Africa. He has developed unique intellectual property in the S12J space which has received private binding rulings from SARS. A business development expert, Gadi is part of Optomise’s investment, strategic and product development committees.
Namir Waisberg Executive DirectorActuary CFA
Namir is the CEO of Willis Burton Capital Partners, an Investments & Advisory business established in 2004. The business focuses on M&A, Private Equity, Commercial Real Estate and Venture Capital. In 2014 Namir co-founded Sail Group, a global Chrome Mining & Commodity Trader based in Singapore with assets listed on the JSE & the Stock Exchange of Mauritius SEM. In 2009 Namir co-founded Storage Genie, a self-storage business with over 2,500 storage units across South Africa. This portfolio has since been sold to a JSE listed REIT. Prior to this Namir was an Investment Banker with Investec Bank.
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