Official Nelmsy Campus Countdown

[Deeranged]

I enclose details of the Soho Green website. https://sohogreen.co.uk/investor-information/
It states that high net worth investors could earn between 8% - 12% interest on their investment.
That is assuming that borrowers repaid their loan in full including all the interest due on their loan.
I cannot see high net worth investors being interested in holding Dens Park in their portfolio in lieu of them receiving between 8% and 12% on their investment.

Is 8% to 12% insignificant then?

[islaydarkblue]

Is 8% to 12% insignificant then?

It means that people and businesses borrowing funds from Soho Green with their asset secured against their loan are paying a high annual rate of interest for their loan. In addition to investors receiving between 8% and 12% Soho Green will likely be receiving a separate % rate of interest as a introducer fee and to cover their overheads plus profits.

[islaydarkblue]

Is 8% to 12% insignificant then?

In my opinion 8% to 12% is good rate of interest to receive providing people and businesses borrowing the money do not default on their loans.
Then it becomes a nightmare if these high net worth individuals end up owning land or property due to loans not being repaid in full.

[BCram]

I thought the original purchase price of the Campy site was about ?1.2m, would that be about 8 years ago. Surely there would be some capital appreciation and the land isxworth more than they paid for it?

[Returnofrros]

269.....this thing defo January?

[islaydarkblue]

269.....this thing defo January?

The cases for the next DCC planning committee which is normally held on a Monday evening are usually published in advance on the DCC website.

[islaydarkblue]

I am surprised that there has been no comment about Aberdeen FC abandoning their plans to build a new stadium but instead they are going to update their Pittodrie Stadium. https://www.thescottishsun.co.uk/spo...w-80m-stadium/

[Returnofrros]

I am surprised that there has been no comment about Aberdeen FC abandoning their plans to build a new stadium but instead they are going to update their Pittodrie Stadium. https://www.thescottishsun.co.uk/spo...w-80m-stadium/

There was on another thread

[Returnofrros]

258

[BCram]

There was on another thread

Have made a few posts, on that thread but it just isn't something that is a concern, or so it appears.
Don't see how we can afford to pay the rent, but there isn't much interest in the topic.

[islaydarkblue]

Have made a few posts, on that thread but it just isn't something that is a concern, or so it appears.
Don't see how we can afford to pay the rent, but there isn't much interest in the topic.

That is because the posters on the other forum have short memories.
A couple of years ago John Nelms stated that he was going to buy back Dens Park and the proceeds from selling it was going to pay for the cost of building his new stadium at Campy Nou.
However that plan must now be ‘dead in the water’ as Nelms has now put Dens Park up as security for a loan obtained by Dark Blue Property Holdings Limited.

[islaydarkblue]

Have made a few posts, on that thread but it just isn't something that is a concern, or so it appears.
Don't see how we can afford to pay the rent, but there isn't much interest in the topic.

We are currently running at a loss with falling attendances so I do not see how we can manage to pay the rent especially if the Dark Blue Property Holdings Limited directors sell their new stadium development site with planning permission to another company who want their money repaid as soon as possible and certainly not over 100 years.

[BCram]

Wonder what the site might be worth with the gain produced by planning permission. Read an interesting book that suggested that the immediate gain in value that happens when vacant ground gets planning permission for housing almost guarantees that it is very very difficult to build affordable housing. Authors idea was to legislate to stop planning gain increases in value.

[islaydarkblue]

Wonder what the site might be worth with the gain produced by planning permission. Read an interesting book that suggested that the immediate gain in value that happens when vacant ground gets planning permission for housing almost guarantees that it is very very difficult to build affordable housing. Authors idea was to legislate to stop planning gain increases in value.

Two years ago I heard that the most that Nelms would make from buying back Dens Park and then selling it for housing after funds had been spent clearing the site was a few hundred thousand pounds.
It was less than 500 hundred thousands pounds and certainly nowhere near the 50 million pounds that was quoted about a year ago for the cost of the new stadium alone.
At the time it was suggested that John Bennett would have been as well selling Dens Park for housing and keeping the profit for himself instead of letting Dark Blue Property Holdings Limited keep the profits for themselves.
I do not believe a word that John Nelms states about his new stadium development as he keeps saying different things.
At the time of the second pre application meeting in September 2022 Nelms stated that the new stadium development at Campy Nou was fully funded and if they needed any extra funds they could easily borrow the money from financial firms in the City of London.
Now Nelms is talking about obtaining a 100 years mortgage to fund his new stadium development.
Nelms keeps stringing people along yet a lot of Dundee supporters treat him as the messiah who will lead us to the new stadium at Campy Nou where everything will be wonderful and all our financial problems will be gone forever.
What do other posters think.

[islaydarkblue]

Wonder what the site might be worth with the gain produced by planning permission. Read an interesting book that suggested that the immediate gain in value that happens when vacant ground gets planning permission for housing almost guarantees that it is very very difficult to build affordable housing. Authors idea was to legislate to stop planning gain increases in value.

Most football grounds were sold to supermarket owners but that ship has sailed.
At best Dens Park will have low cost housing built on it and more likely rented social housing will be built on it to tie in with the type of housing in the surrounding area.