CASE STUDY

25 ACRES OF DEVELOPMENT LAND IN CANADA IS JUST THE TICKET FOR ONE SHREWD IRISH INVESTOR - March 2008

With the once profitable Irish property market now in decline, James Whelan a plastering contractor originally from Tipperary took the shrewd move to invest in land classified for development in Nova Scotia, Canada. By investing earlier this year in land already earmarked to become an exclusive lifestyle resort he is looking to achieve up to 300% profit within three to five years. One might say that he has the ‘luck of the Irish' about him!

I was also attracted by the strong economic growth and wealth of Canada which has the second largest oil deposits in the world. Taking that information into consideration and understanding the purchase process, I felt comfortable investing in Forest Lakes and I think is an excellent alternative to the falling property markets in Europe.

By investing before final planning permission has been granted, I have in effect secured the best possible price per acre. Once planning is authorised I am then in the enviable position of either exiting with my profits or swopping my investment into building plots and building property. At this stage there will obviously be a temptation to cut and run and to realise the significant capital appreciation that I have made, however I am far more inclined to then develop my land to accrue additional profits once the properties have been built. To date, no other overseas investments that I have looked into come remotely close to the potential profits that I am likely to see here."

James has purchased his acreage from developer Terra Firma (www.tfdc.ca) who has recently released a limited amount of land from this 1000+ acre site in order to raise additional development capital for what will become one of Nova Scotia's premier resorts - ‘Forest Lakes Country Club'.

Tonny Neilsen, Managing Director of Landcorp International, the introducing agent for Forest Lakes said, "Forest Lakes Country Club will be a luxury lifestyle resort comprising of apartments, townhouses and villas boasting numerous facilities such as an 18-hole golf course and a luxury boutique hotel all set within beautiful countryside. Just two hours from New York, one and a half hours from Boston and under 6 hours from London, it is perfectly located to enjoy year round tourism. At a time when other overseas markets are struggling, Canada has remained strong. It is therefore no wonder that the recent approach from the Canadian government to entice more skilled workers has proved so popular. Canada is one market to keep an eye on!"

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