Majestic Project

CONFIDENTIAL
Phoenix Global Development -

The Majestic Project
BUSINESS PLAN
WE SPECIALISE IN LARGE BUILDING DEVELOPMENTS, OFFERING INVESTORS A CHANCE TO GET

INVOLVED WITH UNIQUE AND EXPANSIVE PROJECTS
PREPARED APRIL 2022
Contact Information
Jason Gordon Unit 24/25 Enfield Enterprise Centre, 26-28 Queensway
info@phoenixglobaldevelopment.com Enfield, Middlesex EN3 4SA, England
https://phoenixglobaldevelopment.com/ +(44) 844 487 6877
Phoenix Global Development 1
Executive Summary
Opportunity
Problem
Phoenix Global Development Ltd has positioned itself to develop its capability to deal with
an emergent but discreet client group who have generational land assets for use and unlock
their value, strictly in a sustainable way. This is while ensuring that the value remains as is
practicable with those who have a genetic/legacy relationship to the area in order to ensure
as custodians that the natural environment and resources are not abused.
PGDL has been provided with a land bank of 7000 acres in the Trelawny Parish of Jamaica,
with a long-term view to developing up to 5000 acres (71%) of the available land for
residential, light commercial, tourism and supplementary transport and infrastructure use.
In order to this The Majestic Project was formed to bring together key delivery partners
with local appreciation, regional knowledge and international reach to create investable and
sustainable opportunities and attract inward investment (see Governance section).
The project must be delivered in a way that protects the natural environmental and retains
or enhances the positive cultural heritage of the area. The first flagship investment and
product opportunity is a multi-plenary residential complex with complimentary commercial
and infrastructure developments to support future/new town growth in a eco-friendly way
called - The Ocean Paradise Apartments.
Solution
The Majestic Project's first development will be a residential complex called Ocean Paradise
Apartments with complex amenities, external amenities and other supporting infrastructure
to support residential living given the rural nature of the site.
The Ocean Paradise Apartments (OPA)
Scheme and Infrastructure Level
The OPA scheme and infrastructure offering provides the opportunity for investors to be
part of the implementation of the strategic plans for The Majestic Project
including developing the supply chain, highly and semi skilled labour force, manufacturing
and other infrastructure services.
CONFIDENTIAL - DO NOT DISSEMINATE. This business plan contains confidential, trade-secret information and is shared
only with the understanding that you will not share its contents or ideas with third parties without the express written
consent of the plan author.
Retail Level
The entire proposed development consists of 396 units in 18 tower blocks over 3 distinct
phases, with Phase 1 off-plan purchases commencing in 2022. Each phase will deliver 6
apartment blocks providing a total of 132 units . There are 4 different unit types within an
apartment tower block, which breakdown as follows:-
• 4 x 1 bedroom apartments (800 – 900 sq. ft)

• 4 x 2 bedroom apartments (900 – 1,200 sq. ft)
• 12 x 3 bedroom apartments (1,400 – 1,700 sq. ft)
• 2 x Penthouses (2,200 – 2,500) sq. ft)
Expected unit reserve pricing
• 1 bed - $45,000, 2 bed - $60,000, 3 bed - $85,000, Penthouse - $100,000
Expected unit price on completion
• 1 bed - $225,000, 2 bed - $300,000, 3 bed - $425,000, Penthouse - $500,000
Other expected fees
• One-off not refundable reserve fee of $3,000.
• Ongoing post completion - will be monthly service charge for communal cleaning
and maintenance, grounds maintenance and amenities. The service charge will
consist of a block component, estate complex component, communal amenity
component and a management fee.
It is proposed that the complex residential unit design will use the latest green technology
to keep overall power consumption to the residents, the scheme/complex amenities and
communal areas efficient in use and low in cost, to minimise any adverse impact on the
local environment.
Market
The target market will comprise of:-
• Investors who are looking to build a long-term relationship with the Majestic Project
• Resident Jamaican professionals either buying a first or second home
• Resident Jamaican first time buyers and young professionals
• Jamaican Diasporas
• African Diasporas
• Local resident professionals
Why Us?
The Majestic Project will be delivered by Phoenix Global Development Ltd who have carefully
put together a project board of significant world class skill and experience to ensure that the
project delivers the proposed outcomes set out to investors, maximises opportunities for
regeneration while preserving and complimenting the indigenous culture in line with the
associated sustainable development goals.
The delivery structure will consist of a strategic decision making board shown in Figure
5. representing the interests of the key stakeholders and partners ensuring that the project
has strong governance and all planned outputs and goals are delivered on upon. The current
board members are:-
Aleviar Henderson - Board Member
Current role: Chairman and CEO - Hen Legacy Group Incorporated
Key board skills: Business/Project Management and Investments
John Henderson - Board Member
Current role: Vice Chairman - Hen Legacy Group Incorporated and Vice Chairman - Phoenix
Global
Development USA
Key skills: Management, Leadership and Team Building
Cecil Majerska - Board Member
Current role: President/COO - Hen Legacy Group Inc and Chairman - Phoenix Global
Development USA
Key board skills: Project Management and Governance
H.E. Ambassador Dr Andre Thomas - Board Member
Current role: UN Peace Ambassador and (NGO) UN Director General for Global
Key board skills: Leadership, Domestic and International Sustainable Development,

International relations
Allen Canley - Board Member
Current role: CWA Union Representative, Bellsouth Speakers Bureau Representative and Vice
Chairman, Phoenix Global Development USA
Key board skills: Subject Matter Expert - Telecommunications
Isaac Katan - Board Member
Current role: Principal of the Katan Group
Key board skills: Subject Matter Expert - International business and large scale real estate
and enterprise developments
Scott Tracy - Board Member
Current role: Commercial Director
Key board skills: Subject Matter Expert - Commercial Construction Management

and Operations, Asset Management
Annette Lewis - Board Member
Current role: Chief Financial Officer
Key board skills: Subject Matter Expert - Financial Governance and Accountancy
Jason Gordon - Board Member
Current role: Chairman Phoenix Global UK and Chief Inspector for the Organization for
Human Rights Defence (ECOSOC), an IPA member and HSN ambassador of the United
Nations
Key board skills: Subject Matter Expert - Electrical Engineering, Construction Project
Management on large-scale infrastructure (surface and underground rail systems and
airports) and life-safety monitoring (e.g. fire safety)
Alice Ho-Tack - Board Member
Current role: President of HSN
Key board skills: Manufacturing and Supply Chain Management
The Majestic Project in its essence is rooted in the requirement to manage longstanding
legacy assets, generational wealth creation, custodianship, technological advancement
and domestic/regional infrastructure capability issues to meet the multi-faceted sustainable
development challenges for the region. This board has the collective skill set to deliver
world class development projects in a sustainable way.
Expectations
Forecast
As outlined the first proposed output the Majestic Project will deliver Ocean Paradise
Apartments will be a 396-unit residential complex delivered over 3 phases of 12 units each
comprising of 6 Tower Blocks of 22 units per block inclusive 2 “Penthouse apartments”.
The total delivery cost at this preliminary stage is expected to around $65m with an
expected net profit of around 54%.
The Ocean Paradise Apartments scheme and the Eco Luxury Villas will be delivered over a 5
year period with higher costs expected over the first 3 years of the scheme, due to set up
costs and the Majestic Project developing its delivery capability in Trelawny, with a view to
reduce its costs with each project.
The ratio of revenue to cost is expected to remain relatively even across the project at just
under 50% and relies on a steady but conservative unit sales over a 8-12 month period
before the commencement of each phase.
This is a high level forecast at this preliminary stage and will be further refined s part of the
full business case informed by detailed surveys and other key research data.
Financial Highlights by Year
Financing Needed
To be developed as part of the full business case.
Strategic Outline Business Case
Problem & Solution

Problem Worth Solving
Phoenix Global Development Ltd has positioned itself to develop its capability to deal with
an emergent but discreet client group who have generational land assets for use and unlock
their value, strictly in a sustainable way. This is while ensuring that the value remains as is
practicable with those who have a genetic/legacy relationship to the area in order to ensure
as custodians that the natural environment and resources are not abused.
A widely used definition for sustainable development from the Brundtland Report (1987) is:
"....developments that meets the needs of the present, without compromising the
ability of future generations to meet their own needs."
Understanding how to execute projects in this vein requires an understanding of its origin
from what is considered to be the world's first environmental conference in Stockholm
1972. One of the keys outcomes (leading to the definition of sustainable development), was
that member states understood the connection between "...economic growth, the pollution
of the air, water, and oceans and the well being of people around the world".
The Majestic Project in its essence is rooted in the requirement to manage longstanding
legacy assets, generational wealth creation, custodianship, technological advancement
and domestic/regional infrastructure capability issues to meet the multi-faceted sustainable
development challenges for the region.
Figure 1. Trelawny Parish Land Map
The Trelawny area covers about 388 square miles (875 square kilometres), making it the
fifth (5th) largest Parish on the island. The land bank accounts for just under 3% of the
Trelawny area and is completely rural in its make up. The land bank in the Martha Brae sits
within the Falmouth Local Development Planning Area.
Figure 2. Land Map Showing Martha Brae
and is one of the 10 Local Development Planning Areas defined in The Trelawny Local
Sustainable Development Plan (TLSDP) as a key document for developers.
Figure 3. Local Development Plan Areas
The land bank area borders on the territory of the largest group of Maroons in Jamaica, and
The Majestic Project over the long term will consider how it can contribute to enhance the
preservation of the cultural heritage of the area.
Our solution
PGDL has been provided with a land bank of 7000 acres in the Trelawny Parish of Jamaica,
with a long-term view to developing up to 5000 acres (71%) of the available land for
residential, light commercial, tourism and supplementary transport and infrastructure use.
In order to deliver on the ambitions for the land bank, The Majestic Project was formed to
bring together key delivery partners with local appreciation, regional knowledge and
international reach to create investable and sustainable opportunities and attract
inward investment (see Governance section).
The development proposals for the land bank will be an iterative process but intend to
comply and contribute to the delivery of The Trelawny Local Sustainable Development Plan
(TLSDP). It is important in the context of the challenges around climate change that the
Majestic Project use the need from its own development projects to build capacity locally,
within Jamaica and the wider region to deliver; materials, skilled labour, plant machinery
and technology to build infrastructure plans without over reliance on imports leading to
greater traffic movements and increased pollution.
The Majestic Project's first 2 developments will be:-
• 396 unit residential complex called Ocean Paradise Apartments with complex
amenities, external amenities and other supporting infrastructure to support
residential living given the rural nature of the site.
• 72 Eco-friendly Luxury Villas
Target Market
The Majestic Project will seek to partner with local and experienced realtors to build a buyer
profile and also a resident profile to inform both the sales strategy in the short to medium
term and the estate or complex management strategy in preparation for residential complex
life post completion. The combination of both needs to ensure that all assets within the
Majestic Project portfolio remain high value and high quality propositions for optimum
community living and business operations, irrespective of tenure use. This is highly
important given the multi-phased nature of the first project, Ocean Paradise Apartments
that the value proposition continues to increase over the life of asset and the resident
experience is of high value also. This is not something the Majestic Project can achieve
solely but in partnership with its investors and future residents.
The target market will comprise of:-
• Investors who are looking to build a long-term relationship with the Majestic Project
• Resident Jamaican professionals either buying a first or second home
• Resident Jamaican first time buyers and young professionals
• Jamaican Diasporas
• African Diasporas
• Local resident professionals
The market size requires more specialist targeted research, which will be a capacity building
element of The Majestic Project to make this accessible to a wider audience to facilitate
greater inward investment.
More importantly investor stability is key given the off-plan graduated payment structure
for the Ocean Paradise Apartments development, so this research in the full business case
will inform, the sales strategy and payment options and procedures needed to keep buyers
engaged through the build phase for their property.
Execution
Marketing & Sales

Product Offering
The Majestic Project is a long-term sustainable development regeneration opportunity

working with an initial land bank in Trelawny, Jamaica of 7000 acres of rural land with a
view to developing around 71% of the land for residential, light commercial, tourism and
supplementary transport and infrastructure use. However, this must be delivered in a way
that protects the natural environmental and retains or enhances the positive cultural
heritage of the area. The first flagship investments and product opportunities will be a
multi-plenary residential complex with complimentary commercial and infrastructure
developments to support future/new town growth in a eco-friendly way called - The Ocean
Paradise Apartments and 72 Eco-friendly Luxury Villas.
Ocean Paradise Apartments (OPA) Opportunity
Scheme and Infrastructure Level
The OPA scheme and infrastructure offering provides the opportunity for investors to be
part of the implementation of the strategic plans for The Majestic Project
including developing the supply chain, highly and semi skilled labour force, manufacturing
and other infrastructure services.
Retail Level
OPA will be a 396-unit residential complex delivered over 3 phases of 12 units each
comprising of 6 Tower Blocks of 22 units per block inclusive 2 “Penthouse apartments”.
There are 4 product types: 1, 2, 3 bedroom apartments and a penthouse offering as

mentioned above.
The product offering per phase will comprise of:-
Phase 1
• 24 - 1 beds approx. 800 – 900 sq. ft @ $250/sq. ft
• 72 - 2 beds approx. 900 – 1,200 sq. ft @ $250/sq. ft
• 24 - 3 beds approx. 1,400 – 1,700 sq. ft @ $250/sq. ft
• 12 - penthouses approx. 2,200 – 2,500 sq. ft @ $250/sq. ft
Phase 2
Phase 3
1 x Apartment Tower Block consists of:
4 x 1 bedroom apartments (800 – 900 sq. ft)
4 x 2 bedroom apartments (900 – 1,200 sq. ft)
12 x 3 bedroom apartments (1,400 – 1,700 sq. ft)
2 x Penthouses (2,200 – 2,500) sq. ft)
The proposed block will be low-rise comprising of 6 floors/levels (Basement, Ground Floor,
Floors 1, 2, and 3 and a penthouse floor).
Off-plan purchase requirements
• Phase 1 - To reserve pay 20% now and a further 20% when property is 70%
completed and the remaining 60% to be paid near completion.
• Phases 2 and 3 - To reserve pay 20% now and a further 20% when property is 50%
completed and the remaining 60% to be paid near completion.
• 1 bed - $45,000
• 2 bed - $60,000
• 3 bed - $85,000
• Penthouse - $100,000
Expected unit price on completion
• 1 bed - $225,000
• 2 bed - $300,000
• 3 bed - $425,000
• Penthouse - $600,000
It is proposed that the complex residential unit design will use the latest green technology
to keep overall power consumption to the residents, the scheme/complex amenities and
communal areas efficient in use and low in cost, to minimise any adverse impact on the
local environment.
Other expected fees
• Ongoing post completion - will be monthly service charge for communal cleaning
and maintenance, grounds maintenance and amenities. The service charge will
consist of a block component, estate complex component, communal amenity
component and a management fee.
Complex Amenities
Given the rural nature of the location to build a number of amenities for the convenience of
the residents such gyms, spas, swimming pool(s) that may be per block amenities or larger
for use by the entire complex.
External Amenities
The proposed external plan will also seek to provide high quality external amenities and
local infrastructure to support residential living, retail, light commercial and leisure facilities
that are accessible to the residents of the complex and promote community
positive sustainable local economic growth.
• Proposals may also include a scheme infrastructure one-off levy on each unit sale -
to provide some capital to attract inward investment to develop the infrastructure
around the site.
Eco-Friendly Luxury Villa Pricing
Phase 1
• 6 - 4-bedroom villa approx. 3,500 – 6,000 sq. ft @ $375 sq. ft
Phase 2
Phase 3
• 4 bed = $240,000
• 5 bed = $300,000
• 6 bed = $360,000
• 7 bed = $450,000
Expected unit price on completion and increase each phase
• 4 bed = Phase 1 - $1,200,000 increases by 25% = $300,000 = Phase 2 -

$1,500,000 increases by 25% = $375,000 = $1,875,000
$1,875,000 increases by 25% = $468,750 = $2,343,750
$2,250,000 increases by 25% = $562,500 = $2,812,500
$2,812,500 increases by 25% = $703,125 = $3,515,625
The off plan price point is designed to reward early investment by being below current
market value up until 70% completion of the phase 1.
These price points will be subject to ongoing review in response to market conditions,
demand and planning conditions in line with the Trelawny Local Development Plan.
Other expected fees
External Amenities
The proposed external plan will also seek to provide high quality external amenities and
local infrastructure to support residential living, retail, light commercial and leisure facilities
that are accessible to the residents of the complex and promote community
positive sustainable local economic growth.
• Proposals may also include a scheme infrastructure one-off levy on each unit sale -
to provide some capital to attract inward investment to develop the infrastructure
around the site.
Marketing Plan
Ocean Paradise Apartments Opportunity
Overview
The marketing plans key output is to ensure that the required number of units are sold off-
plan to maintain healthy cash flow throughout the development phases while ensuring
customers are fully engaged and supported throughout their acquisition and ownership
journey,
This means using the latest digital tools to create the optimum digital off-plan experience
supported by other channels online and face-2 face events at key points throughout the
buying process, that will then seamlessly convert into resident management tools, post
completion.
Based on the segmentation data it will be necessary to create tailored offerings highlighting
the benefits of purchase and the service offerings throughout ownership and the roles and
responsibilities of all parties in creating a premium harmonious living experience in and
around the residential complex.
The hybrid digital and face-2-face marketing, sales and management approach will be
detailed in the full business case.
Sales Plan
Operations
Locations & Facilities
Technology
Equipment & Tools
Milestones & Metrics

Milestones Table
Milestone Due Date Who's Responsible
Evaluate Launch Event April 13, 2022 Project Board
Produce Full Business Case and Feasibility Study June 10, 2022 Project Team
(Surveys)
Commission Architectural Plans and Building July 29, 2022 Project Board/Team
Permit Appl.
Prepare and Submit Building Permit Application October 28, 2022 Project Team
Commence Phase 1 - Build December 05, 2022 Project Team
Commence Phase 2 Build September 04, 2023 Project Team
End of Phase 1 Build May 31, 2024 Project Team
Commence Phase 3 Build September 02, 2024 Project Team
End of Phase 2 Build March 31, 2025 Project Team
End of Phase 3 Build March 30, 2026 Project Team
Key metrics
Governance
Overview
Phoenix Global Development Ltd
Phoenix Global Development is a Limited Company (12706406) incorporated in the U.K. set
up to deliver multi-purpose and multi-tenure development projects mainly but not
exclusively in the sub-region of North America and the continent of Africa. The primary
purpose is to develop long-term investable opportunities providing residential, vacation,
commercial and industrial real estate.
The Standard Industrial Classification of economic activities (SIC) as defined in the UK for
company are set out below:-
• 41100 - Development of building projects
• 55100 - Hotels and similar accommodation
• 86220 - Specialists medical practice activities
The company current consists of 3 Directors who retain ownership and with each having a
distinct portfolio of responsibilities shown in Figure. ??
Figure 4. Phoenix Global Development - Functional Structure
Colin Francis
Company Director of Phoenix Global UK
is currently the Deputy Governor General of Organization for Human Rights Defence
(ECOSOC), UN Ambassador (HSN), and has 18 years’ experience as the Chief Executive of a
London based charity.
Jason Gordon
Chairman of Phoenix Global UK
is the Chief inspector for the Organization for Human Rights Defence (ECOSOC), an IPA
member and HSN ambassador of the United Nations. Working in project management for 29
years within the construction industrial sector. Specialist in life-safety monitoring for
network rail, TfL and London Crossrail as well as the airport industry.
Orville Francis
CEO of Phoenix Global UK
Chairman Phoenix Development International Group
Head of Organisation for Human Rights UK, PHD in Law, UN Ambassador. Over the last 10
years Lord Orville Robert Thomas has been involved in property development partnerships
with property development groups in Spain, Portugal and Cyprus.
This centralised business structure provides oversight for all development projects. A
separate tailored structure is implemented for each project to provide flexibility and
maximise opportunities for the local economies and labour markets to benefit from Phoenix
Global Development (PGDL) activities as far as is practicable.
The Majestic Project
This document sets out the strategic outline business case for 'The Majestic Project' and
outlines the governance and operational structure for the proposed investment project.
In order to deliver exemplar projects within the region, PGDL brought together carefully
selected partners that share its sustainable development ideals that deliver great products
for end-users (customers) in a way that generously rewards investors.
Strategic Partners
The long-term strategic and development partners for The Majestic Project are:-
The Pleion Group
"Building the future in harmony with nature"
Pleion Inc. is a Guyana, Trinidad, Barbados, Suriname and Jamaica based consortium of
construction, financing, architectural, marketing & sales, and property development
companies joining together to create the “Gateway to Guyana” project. This consortium is
made up of a coalition of Guyanese contractors, The Katan Group, Upturn Funds, and The
Caribbean Israel Finance. This partnership is building the next generation of sustainable
communities – a hybrid of physical and digital neighborhoods within cities. It is a unique
combination of real estate, technology, programming and services that meets the full scope
needs of the individual and the community. We are passionate about collaboration,
connection, communication, and compassion.
The Katan Group
"Redefining the Art of Design and Construction"
The Katan Organization, founded by Isaac Katan in 1986, is a domestic/ international

business and real estate enterprise with an emphasis on developing large-scale real estate
projects. Mr.Katan’s experience, now spanning decades, covers a wide array of real estate
and business activities dealing with every stage of the transaction/deal – from urban
planning, deal structuring, complex extensive zoning change, negotiation, and development.
Past real estate developments have created thousands of residential and commercial units in
the New York metropolitan area.
HSN Ltd
TBC
Metal America
TBC
Team
Project Board
The Majestic Project will be delivered by PDG but as previously outlined has tailored
governance arrangement to ensure that the project delivers the proposed outcomes set out
to investors, maximises opportunities for regeneration while preserving and complimenting
the indigenous culture in line with the associated sustainable development goals.
The delivery structure will consist of a strategic decision making board shown in Figure
5. representing the interests of the key stakeholders and partners ensuring that the project
has strong governance and all planned outputs and goals are delivered on upon.
Figure 5. The Board Members
Aleviar Henderson - Board Member
Current role: Chairman and CEO - Hen Legacy Group Incorporated
Key board skills: Business/Project Management and Investments
John Henderson - Board Member
Current role: Vice Chairman - Hen Legacy Group Incorporated and Vice Chairman - Phoenix
Global
Development USA
Key skills: Management, Leadership and Team Building
Cecil Majerska - Board Member
Current role: President/COO - Hen Legacy Group Inc and Chairman - Phoenix Global
Development USA
Key board skills: Project Management and Governance
H.E. Ambassador Dr Andre Thomas - Board Member
Current role: UN Peace Ambassador and (NGO) UN Director General for Global
Key board skills: Leadership, Domestic and International Sustainable Development,

International relations
Allen Canley - Board Member
Current role: CWA Union Representative, Bellsouth Speakers Bureau Representative and Vice
Chairman, Phoenix Global Development USA
Key board skills: Subject Matter Expert - Telecommunications
Isaac Katan - Board Member
Current role: Principal of the Katan Group
Key board skills: Subject Matter Expert - International business and large scale real estate
and enterprise developments
Scott Tracy - Board Member
Current role: Commercial Director
Key board skills: Subject Matter Expert - Commercial Construction Management

and Operations, Asset Management
Annette Lewis - Board Member
Current role: Chief Financial Officer
Key board skills: Subject Matter Expert - Financial Governance and Accountancy
Jason Gordon - Board Member
Current role: Chairman Phoenix Global UK and Chief Inspector for the Organization for
Human Rights Defence (ECOSOC), an IPA member and HSN ambassador of the United
Nations
Key board skills: Subject Matter Expert - Electrical Engineering, Construction Project
Management on large-scale infrastructure (surface and underground rail systems and
airports) and life-safety monitoring (e.g. fire safety)
Alice Ho-Tack - Board Member
Current role: President of HSN
Key board skills: Manufacturing and Supply Chain Management
Executive Project Management Team
The EPMT is a multi-disciplinary team designed to implement development projects in line

with the strategic direction of the Majestic project and its investors, delivery partners (The
Katan Group, Metal America, HSN and The Pleion Group) and other key stakeholders.
Figure 3. EPMT Structure
The team consists of:-
• Colin Francis - Head of Operations
• Clare Redwood - Construction and Logistics Project Manager
• Angela Kelly - Marketing and PR Director
• Campbell Lawrence Oliver - Construction Development Technical Director
• Santa de son Hot - Lead Legal Counsel
• Chris Buckley - Media and IT Director
• Le'Shaun Antonette Morgan - Logistics Coordinator
• Neville B. Cookhome - Chief Architect
Financial Plan
Forecast
Key assumptions
This section contains high revenue assumptions for the Majestic Project's first investment
opportunity using the Trelawny Land Bank:-
The Ocean Paradise Apartments
This development consists of 396 units in 18 Tower Blocks over 3 distinct phases, with
Phase 1 off-plan purchases commencing from April 2022. Each phase will deliver 6
apartment blocks of 132 units. There are 4 different unit types within an apartment tower
block: 1, 2, 3 bedroom apartments and a penthouse offering.
Eco-Friendly Luxury Villas
This development consists of 72 Eco-friendly luxury villas.
At this point without the detailed survey information which is to be carried out in the next
stage of developing the full business plan, this revenue profile is based on the off-plan
marketing and sales approach for the scheme. This revenue forecast assumes all off-plan
sales, and profile the income at 3 stages:
Phase 1
Stage 1 - Initial reservation fee paid with proof of funds for 20% commitment.
Stage 2 - Existing sales requires a further 20% contribution to be paid at 70% of the unit
build completion.
Stage 3 - Existing sales requires the 60% remaining balance @ 1 month before completion,
with initial completion plan with any addendum agreed.
Phase 2
build completion.
Phase 3
build completion.
Assume the build unit costs and sales price are fixed across the duration of the project at
this stage.
All cost assumptions to be refined in an iterative way as the scheme design evolves to the
approved planning (Building Permit) stage before baselining those costs.
Assume phases to run concurrent, dynamic price increases for the product units to be
applied across each phase reacting to market conditions have not been modelled in this
current iteration.
Build Costs
Construction costs assumed $110 per sq. ft or $1184 per sq. m
source: https://www.my-island-jamaica.com/building_in_jamaica.html
Apartment Build Costs
1 bedroom apartments (800-900 sq. ft) (75 -84 sq. m) @ 84 sq. m, cost = $99,456
2 bedroom apartments (900 – 1,200 sq. ft) (84 - 112 sq. m) @ 112 sq. m cost = $132,608
3 bedroom apartments (1,400- 1700 sq. ft) (130 - 158 sq. m) @ 158 sq. m = $187,072
Penthouses (2,200 – 2,500 sq. ft) (204 - 232 sq. m) @ 232 sq. m = $274,688
Villa Build Costs (to be revised)
4-bedroom villa approx. 3,500 – 6,000 sq. ft
Fixed costs of 6000 sq. ft used for all units = $660,000
Total Build Costs By Property Type
1 bedroom apartments (800-900 sq. ft) (75 -84 sq. m) @ 84 sq. m, cost = $99,456 x 72
units =
$7.2m (rounded)
2 bedroom apartments (900 – 1,200 sq. ft) (84 - 112 sq. m) @ 112 sq. m cost = $132, 608
x 216 units =
$28.6m (rounded)
3 bedroom apartments (1,400- 1700 sq. ft) (130 - 158 sq. m) @ 158 sq. m = $187,072 x 72
units =
$13.5m (rounded)
Penthouses (2,200 – 2,500 sq. ft) (204 - 232 sq. m) @ 232 sq. m = $274,688 x 36 units =
$9.9m (rounded)
72 Luxury Villas (3,500 – 6,000 sq. ft) =
$47,5m (rounded)
Total build costs
$106.7m
Total building permits cost (5% of the construction costs)
$5.4m
source: https://localauthorities.gov.jm/faq/land-valuation/how-building-fee-calculated
Architectural Design Costs (assume 2% of total construction costs)
$2.13m
Assume build time plus planning consent for each phase
24 months
Revenue by Month
Expenses by Month
Net Profit (or Loss) by Year
Financing
Use of funds
Sources of Funds
Statements
Projected Profit and Loss
FY2023 FY2024 FY2025 FY2026 FY2027
Revenue $17,448,000 $36,453,000 $148,046,250 $21,536,250 $64,140,750
Direct Costs $8,393,141 $16,395,531 $65,426,496 $8,237,510 $24,712,531
Gross Margin $9,054,859 $20,057,468 $82,619,754 $13,298,740 $39,428,220
Gross Margin
52% 55% 56% 62% 61%
%
Operating
Expenses
Building
Permit Fees - $1,800,000 $1,800,000 $1,800,000
Phase 1 - 3
Phase 1 -
Architectural $710,000
Design Fees
Phase 2 -
Design Fees
Phase 3 -
Design Fees
Total
Operating $2,510,000 $2,510,000 $2,510,000
Expenses
Operating
$6,544,859 $17,547,469 $80,109,754 $13,298,740 $39,428,220
Income
Interest
Incurred
Depreciation
and
Amortization
Gain or Loss
from Sale of
Assets
Income Taxes $0 $0 $0 $0 $0
Total Expenses $10,903,141 $18,905,531 $67,936,496 $8,237,510 $24,712,531
Net Profit $6,544,859 $17,547,469 $80,109,754 $13,298,740 $39,428,220
Net Profit /
38% 48% 54% 62% 61%
Sales
Projected Balance Sheet
FY2023 FY2024 FY2025 FY2026 FY2027
Cash $6,544,859 $24,092,328 $104,202,082 $117,500,822 $156,929,042
Accounts
$0 $0 $0 $0 $0
Receivable
Inventory
Other Current
Assets
Total Current
$6,544,859 $24,092,328 $104,202,082 $117,500,822 $156,929,042
Assets
Long-Term
Assets
Accumulated
Depreciation
Total Long-Term
Assets
Total Assets $6,544,859 $24,092,328 $104,202,082 $117,500,822 $156,929,042
Accounts
$0 $0 $0 $0 $0
Payable
Income Taxes
$0 $0 $0 $0 $0
Payable
Sales Taxes
$0 $0 $0 $0 $0
Payable
Short-Term
Debt
Prepaid
Revenue
Total Current
$0 $0 $0 $0 $0
Liabilities
Long-Term Debt
Long-Term
Liabilities
Total Liabilities $0 $0 $0 $0 $0
Paid-In Capital
Retained
$6,544,859 $24,092,328 $104,202,082 $117,500,822
Earnings
Earnings $6,544,859 $17,547,468 $80,109,754 $13,298,740 $39,428,220
Total Owner's
$6,544,859 $24,092,328 $104,202,082 $117,500,822 $156,929,042
Equity
Total Liabilities
$6,544,859 $24,092,328 $104,202,082 $117,500,822 $156,929,042
& Equity
Projected Cash Flow Statement
FY2023 FY2024 FY2025 FY2026 FY2027
Net Cash Flow

from
Operations
Net Profit $6,544,859 $17,547,469 $80,109,754 $13,298,740 $39,428,220
Depreciation
&
Amortization
Change in
Accounts $0 $0 $0 $0 $0
Receivable
Change in
Inventory
Change in
Accounts $0 $0 $0 $0 $0
Payable
Change in
Income Tax $0 $0 $0 $0 $0
Payable
Change in
Sales Tax $0 $0 $0 $0 $0
Payable
Change in
Prepaid
Revenue
Net Cash Flow

from $6,544,859 $17,547,468 $80,109,754 $13,298,740 $39,428,220
Operations
Investing &
Financing
Assets
Purchased or
Sold
Net Cash from

Investing
Investments
Received
Dividends &
Distributions
Change in
Short-Term
Debt
Change in
Long-Term
Debt
Net Cash from

Financing
Cash at
Beginning of $0 $6,544,859 $24,092,328 $104,202,082 $117,500,822
Period
Net Change in
$6,544,859 $17,547,468 $80,109,754 $13,298,740 $39,428,220
Cash
Cash at End of
$6,544,859 $24,092,328 $104,202,082 $117,500,822 $156,929,042
Period
Appendix
Profit and Loss Statement (With monthly detail)
FY2023 Apr '22 May '22 June '22 July '22 Aug '22 Sept '22 Oct '22 Nov '22 Dec '22 Jan '23 Feb '23 Mar '23
Total
$773,000 $773,000 $773,000 $773,000 $773,000 $773,000 $2,135,000 $2,135,000 $2,135,000 $6,405,000
Revenue
Total Direct
$401,678 $401,679 $401,678 $401,679 $401,678 $401,678 $997,179 $997,178 $997,179 $2,991,535
Costs
Gross Margin $371,322 $371,322 $371,322 $371,322 $371,322 $371,322 $1,137,822 $1,137,822 $1,137,822 $3,413,465
Gross Margin
48% 48% 48% 48% 48% 48% 53% 53% 53% 53%
%
Operating
Expenses
Building Permit
Fees - Phase 1 - $1,800,000
3
Phase 1 -
Design Fees
Phase 2 -
Architectural
Design Fees
Phase 3 -
Architectural
Design Fees
Total
Operating $710,000 $1,800,000
Expenses
CONFIDENTIAL - DO NOT DISSEMINATE. This business plan contains confidential, trade-secret information and is shared only with the understanding that you will not share its contents or
ideas with third parties without the express written consent of the plan author.
Operating
$371,322 $371,321 $371,322 ($338,679) $371,322 ($1,428,678) $1,137,821 $1,137,822 $1,137,821 $3,413,465
Income
Interest Incurred
Depreciation
and
Amortization
Gain or Loss
from Sale of
Assets
Income Taxes $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total
$401,678 $401,679 $401,678 $1,111,679 $401,678 $2,201,678 $997,179 $997,178 $997,179 $2,991,535
Expenses
Net Profit $371,322 $371,321 $371,322 ($338,679) $371,322 ($1,428,678) $1,137,821 $1,137,822 $1,137,821 $3,413,465
Net Profit /
48% 48% 48% (44%) 48% (185%) 53% 53% 53% 53%
Sales
Total
$773,000 $773,000 $773,000 $773,000 $773,000 $2,472,500 $2,472,500 $2,472,500 $24,660,500 $510,000 $0 $0
Revenue
Total Direct
$360,678 $360,679 $360,678 $360,678 $360,679 $973,053 $973,054 $973,053 $11,397,493 $275,486 $0 $0
Costs
Gross Margin $412,322 $412,322 $412,322 $412,322 $412,322 $1,499,447 $1,499,447 $1,499,447 $13,263,007 $234,514 $0 $0
Gross Margin
53% 53% 53% 53% 53% 61% 61% 61% 54% 46% 0% 0%
%
Operating
Expenses
Building Permit
Fees - Phase 1 - $1,800,000
3
Phase 1 -
Architectural
Design Fees
Phase 2 -
Design Fees
Phase 3 -
Architectural
Design Fees
Total
Operating $2,510,000
Expenses
Operating
($2,097,678) $412,321 $412,322 $412,322 $412,321 $1,499,447 $1,499,446 $1,499,447 $13,263,007 $234,514 $0 $0
Income
Interest Incurred
Depreciation
and
Amortization
Gain or Loss
from Sale of
Assets
Income Taxes $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total
$2,870,678 $360,679 $360,678 $360,678 $360,679 $973,053 $973,054 $973,053 $11,397,493 $275,486 $0 $0
Expenses
Net Profit ($2,097,678) $412,321 $412,322 $412,322 $412,321 $1,499,447 $1,499,446 $1,499,447 $13,263,007 $234,514 $0 $0
Net Profit /
(271%) 53% 53% 53% 53% 61% 61% 61% 54% 46% 0% 0%
Sales
Total
$773,000 $51,245,000 $773,000 $773,000 $773,000 $19,853,375 $4,934,375 $2,894,375 $8,907,125 $555,000 $0 $56,565,000
Revenue
Total Direct
$369,725 $25,549,147 $369,725 $369,725 $369,725 $7,903,639 $2,105,139 $1,003,193 $3,049,680 $329,626 $0 $24,007,172
Costs
Gross Margin $403,275 $25,695,853 $403,275 $403,275 $403,275 $11,949,736 $2,829,236 $1,891,181 $5,857,445 $225,374 $0 $32,557,828
Gross Margin
52% 50% 52% 52% 52% 60% 57% 65% 66% 41% 0% 58%
%
Operating
Expenses
Building Permit
Fees - Phase 1 - $1,800,000
3
Phase 1 -
Architectural
Design Fees
Phase 2 -
Architectural
Design Fees
Phase 3 -
Design Fees
Total
Operating $2,510,000
Expenses
Operating
($2,106,725) $25,695,853 $403,275 $403,275 $403,275 $11,949,736 $2,829,236 $1,891,182 $5,857,445 $225,374 $0 $32,557,828
Income
Interest Incurred
Depreciation
and
Amortization
Gain or Loss
from Sale of
Assets
Income Taxes $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total
$2,879,725 $25,549,147 $369,725 $369,725 $369,725 $7,903,639 $2,105,139 $1,003,193 $3,049,680 $329,626 $0 $24,007,172
Expenses
Net Profit ($2,106,725) $25,695,853 $403,275 $403,275 $403,275 $11,949,736 $2,829,236 $1,891,182 $5,857,445 $225,374 $0 $32,557,828
Net Profit /
(273%) 50% 52% 52% 52% 60% 57% 65% 66% 41% 0% 58%
Sales
FY2023 FY2024 FY2025 FY2026 FY2027
Total Revenue $17,448,000 $36,453,000 $148,046,250 $21,536,250 $64,140,750
Total Direct Costs $8,393,141 $16,395,531 $65,426,496 $8,237,510 $24,712,531
Gross Margin $9,054,859 $20,057,468 $82,619,754 $13,298,740 $39,428,220
Gross Margin % 52% 55% 56% 62% 61%
Operating Expenses
Building Permit Fees - Phase 1 - 3 $1,800,000 $1,800,000 $1,800,000
Phase 1 - Architectural Design Fees $710,000
Total Operating Expenses $2,510,000 $2,510,000 $2,510,000
Operating Income $6,544,859 $17,547,469 $80,109,754 $13,298,740 $39,428,220
Interest Incurred
Depreciation and Amortization
Gain or Loss from Sale of Assets
Income Taxes $0 $0 $0 $0 $0
Total Expenses $10,903,141 $18,905,531 $67,936,496 $8,237,510 $24,712,531
Net Profit $6,544,859 $17,547,469 $80,109,754 $13,298,740 $39,428,220
Net Profit / Sales 38% 48% 54% 62% 61%
Balance Sheet (With Monthly Detail)
Cash $371,322 $742,643 $1,113,965 $775,286 $1,146,608 ($282,070) $855,751 $1,993,573 $3,131,394 $6,544,859
Accounts
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Receivable
Inventory
Other Current
Assets
Total Current
$371,322 $742,643 $1,113,965 $775,286 $1,146,608 ($282,070) $855,751 $1,993,573 $3,131,394 $6,544,859
Assets
Long-Term
Assets
Accumulated
Depreciation
Total Long-
Term Assets
Total Assets $371,322 $742,643 $1,113,965 $775,286 $1,146,608 ($282,070) $855,751 $1,993,573 $3,131,394 $6,544,859
Accounts
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Payable
Income Taxes
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Payable
Sales Taxes
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Payable
Short-Term Debt
Prepaid Revenue
Total Current
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Liabilities
Long-Term Debt
Long-Term
Liabilities
Total
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Liabilities
Paid-In Capital
Retained
Earnings
Earnings $371,322 $742,643 $1,113,965 $775,286 $1,146,608 ($282,070) $855,751 $1,993,573 $3,131,394 $6,544,859
Total
Owner's $371,322 $742,643 $1,113,965 $775,286 $1,146,608 ($282,070) $855,751 $1,993,573 $3,131,394 $6,544,859
Equity
Total
Liabilities & $371,322 $742,643 $1,113,965 $775,286 $1,146,608 ($282,070) $855,751 $1,993,573 $3,131,394 $6,544,859
Equity
Cash $4,447,181 $4,859,502 $5,271,824 $5,684,146 $6,096,467 $7,595,914 $9,095,360 $10,594,807 $23,857,814 $24,092,328 $24,092,328 $24,092,328
Accounts
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Receivable
Inventory
Other Current
Assets
Total Current
$4,447,181 $4,859,502 $5,271,824 $5,684,146 $6,096,467 $7,595,914 $9,095,360 $10,594,807 $23,857,814 $24,092,328 $24,092,328 $24,092,328
Assets
Long-Term
Assets
Accumulated
Depreciation
Total Long-
Term Assets
Total Assets $4,447,181 $4,859,502 $5,271,824 $5,684,146 $6,096,467 $7,595,914 $9,095,360 $10,594,807 $23,857,814 $24,092,328 $24,092,328 $24,092,328
Accounts
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Payable
Income Taxes
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Payable
Sales Taxes
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Payable
Short-Term Debt
Prepaid Revenue
Total Current
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Liabilities
Long-Term Debt
Long-Term
Liabilities
Total
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Liabilities
Paid-In Capital
Retained
$6,544,859 $6,544,859 $6,544,859 $6,544,859 $6,544,859 $6,544,859 $6,544,859 $6,544,859 $6,544,859 $6,544,859 $6,544,859 $6,544,859
Earnings
Earnings ($2,097,678) ($1,685,357) ($1,273,035) ($860,714) ($448,392) $1,051,055 $2,550,501 $4,049,948 $17,312,955 $17,547,468 $17,547,468 $17,547,468
Total
Owner's $4,447,181 $4,859,502 $5,271,824 $5,684,146 $6,096,467 $7,595,914 $9,095,360 $10,594,807 $23,857,814 $24,092,328 $24,092,328 $24,092,328
Equity
Total
Liabilities & $4,447,181 $4,859,502 $5,271,824 $5,684,146 $6,096,467 $7,595,914 $9,095,360 $10,594,807 $23,857,814 $24,092,328 $24,092,328 $24,092,328
Equity
Cash $21,985,603 $47,681,456 $48,084,731 $48,488,006 $48,891,281 $60,841,017 $63,670,253 $65,561,435 $71,418,880 $71,644,254 $71,644,254 $104,202,082
Accounts
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Receivable
Inventory
Other Current
Assets
Total Current
$21,985,603 $47,681,456 $48,084,731 $48,488,006 $48,891,281 $60,841,017 $63,670,253 $65,561,435 $71,418,880 $71,644,254 $71,644,254 $104,202,082
Assets
Long-Term
Assets
Accumulated
Depreciation
Total Long-
Term Assets
Total Assets $21,985,603 $47,681,456 $48,084,731 $48,488,006 $48,891,281 $60,841,017 $63,670,253 $65,561,435 $71,418,880 $71,644,254 $71,644,254 $104,202,082
Accounts
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Payable
Income Taxes
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Payable
Sales Taxes
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Payable
Short-Term Debt
Prepaid Revenue
Total Current
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Liabilities
Long-Term Debt
Long-Term
Liabilities
Total
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Liabilities
Paid-In Capital
Retained
$24,092,328 $24,092,328 $24,092,328 $24,092,328 $24,092,328 $24,092,328 $24,092,328 $24,092,328 $24,092,328 $24,092,328 $24,092,328 $24,092,328
Earnings
Earnings ($2,106,725) $23,589,128 $23,992,403 $24,395,678 $24,798,954 $36,748,690 $39,577,926 $41,469,107 $47,326,552 $47,551,927 $47,551,927 $80,109,754
Total
Owner's $21,985,603 $47,681,456 $48,084,731 $48,488,006 $48,891,281 $60,841,017 $63,670,253 $65,561,435 $71,418,880 $71,644,254 $71,644,254 $104,202,082
Equity
Total
Liabilities & $21,985,603 $47,681,456 $48,084,731 $48,488,006 $48,891,281 $60,841,017 $63,670,253 $65,561,435 $71,418,880 $71,644,254 $71,644,254 $104,202,082
Equity
FY2023 FY2024 FY2025 FY2026 FY2027
Cash $6,544,859 $24,092,328 $104,202,082 $117,500,822 $156,929,042
Accounts Receivable $0 $0 $0 $0 $0
Inventory
Other Current Assets
Total Current Assets $6,544,859 $24,092,328 $104,202,082 $117,500,822 $156,929,042
Long-Term Assets
Accumulated Depreciation
Total Long-Term Assets
Total Assets $6,544,859 $24,092,328 $104,202,082 $117,500,822 $156,929,042
Accounts Payable $0 $0 $0 $0 $0
Income Taxes Payable $0 $0 $0 $0 $0
Sales Taxes Payable $0 $0 $0 $0 $0
Short-Term Debt
Prepaid Revenue
Total Current Liabilities $0 $0 $0 $0 $0
Long-Term Debt
Long-Term Liabilities
Total Liabilities $0 $0 $0 $0 $0
Paid-In Capital
Retained Earnings $6,544,859 $24,092,328 $104,202,082 $117,500,822
Earnings $6,544,859 $17,547,468 $80,109,754 $13,298,740 $39,428,220
Total Owner's Equity $6,544,859 $24,092,328 $104,202,082 $117,500,822 $156,929,042
Total Liabilities & Equity $6,544,859 $24,092,328 $104,202,082 $117,500,822 $156,929,042
Cash Flow Statement (With Monthly Detail)
Net Cash Flow

from
Operations
Net Profit $371,322 $371,321 $371,322 ($338,679) $371,322 ($1,428,678) $1,137,821 $1,137,822 $1,137,821 $3,413,465
Depreciation &
Amortization
Change in
Accounts $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Receivable
Change in
Inventory
Change in
Accounts $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Payable
Change in
Income Tax $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Payable
Change in
Sales Tax $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Payable
Change in
Prepaid
Revenue
Net Cash
Flow from $371,322 $371,322 $371,322 ($338,678) $371,322 ($1,428,678) $1,137,822 $1,137,822 $1,137,822 $3,413,465
Operations
Investing &
Financing
Assets
Purchased or
Sold
Net Cash
from
Investing
Investments
Received
Dividends &
Distributions
Change in
Short-Term
Debt
Change in
Long-Term
Debt
Net Cash
from
Financing
Cash at
Beginning of $0 $371,322 $742,643 $1,113,965 $775,286 $1,146,608 ($282,070) $855,751 $1,993,573 $3,131,394
Period
Net Change in
$371,322 $371,322 $371,322 ($338,678) $371,322 ($1,428,678) $1,137,822 $1,137,822 $1,137,822 $3,413,465
Cash
Cash at End
$371,322 $742,643 $1,113,965 $775,286 $1,146,608 ($282,070) $855,751 $1,993,573 $3,131,394 $6,544,859
of Period
Net Cash Flow

from
Operations
Net Profit ($2,097,678) $412,321 $412,322 $412,322 $412,321 $1,499,447 $1,499,446 $1,499,447 $13,263,007 $234,514 $0 $0
Depreciation &
Amortization
Change in
Accounts $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Receivable
Change in
Inventory
Change in
Accounts $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Payable
Change in
Income Tax $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Payable
Change in
Sales Tax $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Payable
Change in
Prepaid
Revenue
Net Cash
Flow from ($2,097,678) $412,322 $412,322 $412,322 $412,322 $1,499,447 $1,499,447 $1,499,447 $13,263,007 $234,514 $0 $0
Operations
Investing &
Financing
Assets
Purchased or
Sold
Net Cash
from
Investing
Investments
Received
Dividends &
Distributions
Change in
Short-Term
Debt
Change in
Long-Term
Debt
Net Cash
from
Financing
Cash at
Beginning of $6,544,859 $4,447,181 $4,859,502 $5,271,824 $5,684,146 $6,096,467 $7,595,914 $9,095,360 $10,594,807 $23,857,814 $24,092,328 $24,092,328
Period
Net Change in
($2,097,678) $412,322 $412,322 $412,322 $412,322 $1,499,447 $1,499,447 $1,499,447 $13,263,007 $234,514 $0 $0
Cash
Cash at End
$4,447,181 $4,859,502 $5,271,824 $5,684,146 $6,096,467 $7,595,914 $9,095,360 $10,594,807 $23,857,814 $24,092,328 $24,092,328 $24,092,328
of Period
Net Cash Flow

from
Operations
Net Profit ($2,106,725) $25,695,853 $403,275 $403,275 $403,275 $11,949,736 $2,829,236 $1,891,182 $5,857,445 $225,374 $0 $32,557,828
Depreciation &
Amortization
Change in
Accounts $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Receivable
Change in
Inventory
Change in
Accounts $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Payable
Change in
Income Tax $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Payable
Change in
Sales Tax $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Payable
Change in
Prepaid
Revenue
Net Cash
Flow from ($2,106,725) $25,695,853 $403,275 $403,275 $403,275 $11,949,736 $2,829,236 $1,891,181 $5,857,445 $225,374 $0 $32,557,828
Operations
Investing &
Financing
Assets
Purchased or
Sold
Net Cash
from
Investing
Investments
Received
Dividends &
Distributions
Change in
Short-Term
Debt
Change in
Long-Term
Debt
Net Cash
from
Financing
Cash at
Beginning of $24,092,328 $21,985,603 $47,681,456 $48,084,731 $48,488,006 $48,891,281 $60,841,017 $63,670,253 $65,561,435 $71,418,880 $71,644,254 $71,644,254
Period
Net Change in
($2,106,725) $25,695,853 $403,275 $403,275 $403,275 $11,949,736 $2,829,236 $1,891,181 $5,857,445 $225,374 $0 $32,557,828
Cash
Cash at End
$21,985,603 $47,681,456 $48,084,731 $48,488,006 $48,891,281 $60,841,017 $63,670,253 $65,561,435 $71,418,880 $71,644,254 $71,644,254 $104,202,082
of Period
FY2023 FY2024 FY2025 FY2026 FY2027
Net Cash Flow from Operations
Net Profit $6,544,859 $17,547,469 $80,109,754 $13,298,740 $39,428,220
Depreciation & Amortization
Change in Accounts Receivable $0 $0 $0 $0 $0
Change in Inventory
Change in Accounts Payable $0 $0 $0 $0 $0
Change in Income Tax Payable $0 $0 $0 $0 $0
Change in Sales Tax Payable $0 $0 $0 $0 $0
Change in Prepaid Revenue
Net Cash Flow from Operations $6,544,859 $17,547,468 $80,109,754 $13,298,740 $39,428,220
Investing & Financing
Assets Purchased or Sold
Net Cash from Investing
Investments Received
Dividends & Distributions
Change in Short-Term Debt
Change in Long-Term Debt
Net Cash from Financing
Cash at Beginning of Period $0 $6,544,859 $24,092,328 $104,202,082 $117,500,822
Net Change in Cash $6,544,859 $17,547,468 $80,109,754 $13,298,740 $39,428,220
Cash at End of Period $6,544,859 $24,092,328 $104,202,082 $117,500,822 $156,929,042

Majestic Project

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Majestic Project

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CONFIDENTIAL

Phoenix Global Development -

WE SPECIALISE IN LARGE BUILDING DEVELOPMENTS, OFFERING INVESTORS A CHANCE TO GET

PREPARED APRIL 2022

The Ocean Paradise Apartments (OPA)

Scheme and Infrastructure Level

• 4 x 1 bedroom apartments (800 – 900 sq. ft)

Expected unit reserve pricing

• 1 bed - $45,000, 2 bed - $60,000, 3 bed - $85,000, Penthouse - $100,000

Expected unit price on completion

• 1 bed - $225,000, 2 bed - $300,000, 3 bed - $425,000, Penthouse - $500,000

Other expected fees

• One-off not refundable reserve fee of $3,000.

The target market will comprise of:-

• Resident Jamaican professionals either buying a first or second home

• Resident Jamaican first time buyers and young professionals

• Local resident professionals

Aleviar Henderson - Board Member

Current role: Chairman and CEO - Hen Legacy Group Incorporated

Key board skills: Business/Project Management and Investments

John Henderson - Board Member

Key skills: Management, Leadership and Team Building

Cecil Majerska - Board Member

Key board skills: Project Management and Governance

H.E. Ambassador Dr Andre Thomas - Board Member

Key board skills: Leadership, Domestic and International Sustainable Development,

Allen Canley - Board Member

Key board skills: Subject Matter Expert - Telecommunications

Isaac Katan - Board Member

Current role: Principal of the Katan Group

Scott Tracy - Board Member

Current role: Commercial Director

Key board skills: Subject Matter Expert - Commercial Construction Management

Annette Lewis - Board Member

Current role: Chief Financial Officer

Jason Gordon - Board Member

Alice Ho-Tack - Board Member

Current role: President of HSN

Key board skills: Manufacturing and Supply Chain Management

Financial Highlights by Year

To be developed as part of the full business case.

Strategic Outline Business Case

Problem & Solution

Figure 1. Trelawny Parish Land Map

Figure 2. Land Map Showing Martha Brae

Figure 3. Local Development Plan Areas

The Majestic Project's first 2 developments will be:-

The target market will comprise of:-

• Resident Jamaican professionals either buying a first or second home

• Resident Jamaican first time buyers and young professionals

• Local resident professionals

Marketing & Sales

The Majestic Project is a long-term sustainable development regeneration opportunity

Ocean Paradise Apartments (OPA) Opportunity

Scheme and Infrastructure Level

There are 4 product types: 1, 2, 3 bedroom apartments and a penthouse offering as

The product offering per phase will comprise of:-

• 24 - 1 beds approx. 800 – 900 sq. ft @ $250/sq. ft

• 72 - 2 beds approx. 900 – 1,200 sq. ft @ $250/sq. ft

• 24 - 3 beds approx. 1,400 – 1,700 sq. ft @ $250/sq. ft

• 12 - penthouses approx. 2,200 – 2,500 sq. ft @ $250/sq. ft

• 24 - 1 beds approx. 800 – 900 sq. ft @ $250/sq. ft

• 72 - 2 beds approx. 900 – 1,200 sq. ft @ $250/sq. ft

• 24 - 3 beds approx. 1,400 – 1,700 sq. ft @ $250/sq. ft