Important. Please read this before going further. This page is about a development that has not been built. It is not an offer, an inducement or an invitation to invest, and nothing on it is investment advice.
Villa Noruega — investor information
Elite Contracting Group owns plot AH-482D at Calle Noruega, Altea Hills, on the Costa Blanca, and is developing a four-bedroom villa on it. The company has paid for the land and the design, and is funding the construction alongside a small number of investors.
The terms of that arrangement — the amounts, the return, the order in which money is repaid, the programme and the exit — are set out in an information memorandum. They are not published on this website, and we do not discuss them in general correspondence.
Who we can send it to
Under the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, we can send that memorandum only to people who fall within one of the exemptions in that Order. In practice that means you would need to qualify as either:
- a certified high net worth individual; or
- a self-certified sophisticated investor.
Both categories are defined in the Order, and both require you to sign a statement in a prescribed form confirming that you meet the criteria. We will send you the current form. Please do not sign a statement you do not in fact satisfy — the protections you give up by signing it are real, and they are the reason the rule exists.
How to ask for it
Write to assil@elitecg.co.uk with your name and which of the two categories you believe applies to you. We will reply with the statement for signature. Once we have it back, signed, we will send the information memorandum.
If neither category applies to you, we cannot send it, and we would rather say so plainly than take you through a process that ends in the same place. You are very welcome to look at the villa itself as a buyer instead — that is an ordinary property purchase and none of this applies to it. The full specification is on the Villa Noruega page.
What you should weigh before asking
- The building licence has been applied for and has not yet been granted.
- The construction budget is Elite’s own estimate. It has not been fixed against subcontractor quotations.
- The villa is not built. Every image we hold of it is a computer-generated impression.
- The value of the finished house depends on a market that can fall as well as rise, and on a currency that can move against a sterling investor.
- This is a single asset in a single location. There is no diversification in it.
- Capital is at risk. An investor could lose some or all of it. Any figures we give you are projections, not promises, and past performance of other projects is not a guide.
If you are unsure whether an investment of this kind is right for you, take advice from someone authorised to give it. We are builders and developers; we are not advisers.
