Pallas Preference Equity - Doggett Street, Teneriffe

The Doggett Street Capital Trust offers Preference Units that fund, through an unsecured Trust Loan to the Developer, the development of 49 Doggett Street, Teneriffe QLD: a proposed 15 storey boutique building of 92 luxury residences and a ground floor retail lot in one of Brisbane's premium residential suburbs. Preference Units issued after the date of the IM carry a Top-up Coupon of 17.5% per year or part thereof, without compounding, paid on the Redemption Date, unless otherwise determined by the Issuer prior to issue. Repayment of the Subscribed Amount is guaranteed jointly and severally by the Guarantors; payment of the Coupon, if any, and the Top-up Coupon is not guaranteed by the Guarantors. All Preference Units must be redeemed by the Maturity Date of 31 July 2029, which the Issuer may defer by up to 12 months if the Project is delayed. An investment in the Issuer is speculative and subject to investment risk, including possible delays in repayment and loss of income and principal invested. The offer is arranged by Pallas Capital and is open to wholesale clients and sophisticated investors only, with a minimum investment of $50,000.