The Hollywood Circle project, a unique blue chip property investment which offers US green card status for investors, has sparked much fervent interest from those wishing to diversify their portfolios and secure citizenship and residency overseas.
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The product has also been launched in Dubai, Cape Town and Johannesburg in recent weeks.
Located in vibrant South Florida between Fort Lauderdale and Miami, the mixed-use development consists of a 25-storey building which includes retail space of 68 000 square feet housing a Publix Supermarket (a Fortune 500 Company), a 397-unit apartment building and a four-star boutique hotel. Facilities and amenities include 24-hour security, concierge services, private parking, a resident’s club room, a fitness centre and a pool.
Simbithi Wetherlys cocktail function
At the launches, investors were offered the opportunity to buy one of 40 units exclusively allocated to the eLan Group by Hollywood Circle developers. The project falls under the United States government approved EB-5 visa programme where investors qualify for a green card by investing $500 000 ($540 000 including legal fees) in an approved commercial enterprise that benefits the US economy and creates jobs, both directly and indirectly.
Effectively, investors are purchasing a share in a development company on an equal basis with all other shareholders. Rental returns and any dividends made are split on an even basis and investors can expect a return in excess of 50% on their investment, which includes three years income.
Although actual construction into the ground only begins in May 2011, the success of the Hollywood Circle eLan launches in Dubai and South Africa have increased the momentum and growing excitement regarding this unique investment opportunity.
For more information, please visit www.gcfrc.co.za