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The UK government’s Prior Approval scheme means that commercial-to-residential property conversions no longer need to go through the full planning process to be approved by local councils.
This has created an excellent market opportunity for Ocea to create high-quality, low-cost housing that meets the needs of the UK’s growing first-time buyers market.
Ocea wrote the book on commercial-to-residential property conversion. Glenn Delve, founder and Managing Director of Ocea co-wrote ‘Commercial Property Conversions’ and is a regular speaker at property development events.
Alongside his business partner Justine Curtis, Glenn also developed the Take AIM Mastermind programme to enable budding property developers to share in their success.
With Ocea Bonds they are offering the same opportunity to investors who pass the Crowdfunds suitability assessment.
An investment of £10,000 could yield a gross return of almost £3,500 over the 5 year term of the Bonds (tax-free if invested through the Crowdfunds IFISA). All investments in Ocea Bonds are backed by property in the South of England.
Security is provided by a first debenture over all assets of Ocea Group including its current and future property portfolio. Each project will be held within a wholly-owned subsidiary, meaning that Ocea Bonds investors are not solely exposed to the risk of any individual development.
To further prove the sturdiness of the model Ocea will invest its own capital alongside funds raised via Ocea Bonds.
To find out more about the business, the offer, how to invest, and the risks download the Ocea Bonds Investor Document.
After leaving the RAF, Glenn achieved success in turning around a struggling golf retail business. This led to Glenn being approached by The Rose Bowl, the home of Hampshire Cricket (now The Ageas Bowl). They had aspirations to develop the site by adding a golf course and destination hotel. As Managing Director, Glenn managed the £50million development project, transforming a county level cricket ground into an international sporting, conference and leisure venue with an 18-hole golf course, 2 new spectator stands and a 175-bed pitch-side Hilton Hotel.
It was the Rose Bowl Plc project together with the redevelopment of his family home, that inspired Glenn to focus on property development and to set up his own property development company.
Since 2013, Glenn Delve has established several SPV’s and entered into a number of JV’s with HNWIs to focus on the market opportunity granted by Prior Approval Permitted Development Rights. Glenn and the team at Ocea Group concentrate primarily on converting office buildings into residential apartments.
Justine specialises in commercial to residential property conversions, primarily office buildings into residential apartments under Prior Approval Permitted Development Rights.
As a successful entrepreneur, Justine has founded and developed training organizations and mentoring programs, helping individuals build their own companies and franchises in the area of remote office services and virtual administration.
With several joint commercial conversions under their belt, Justine and Glenn now mentor other aspiring property developers as part of their Take AIM Mastermind program, and together they support the Progressive Property “Commercial Property Masterclass” which is held in Peterborough.
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