Commercial to Resi Conversions

In September 2019 Jun and I decided to focus our property business on Commercial to Resi (residential) conversions.

In September 2019 Jun and I decided to focus our property business on Commercial to Residential conversions.

In doing so we restructured.  Creating a project management company Middle Park Projects Ltd for overseeing commercial conversions and buying building materials for LNPG suppliers.  We also went to investors for seed funding in order to pay for this start up company.  The new development company / seed funded company is called Lambie & Partners Ltd (LPL).  This has no public face but will be co-owner of any Special Purpose Vehicles (SPV).  A co-investor will be the other side of the SPV providing the capital.

The deal for investors is a 1% for each A class share they purchase.  Our goal for this company is 3 commercial conversions in 3 years. A minimum retained earnings after tax of twice what they put in per share.

LPL investors have first right of refusal on being the investor in any commercial to resi deal that we come across. This was a great way for both sides of the investor dance to size each other up.  Surety on both sides.  We over subscribed the first round, but a couple of investors got Brexit cold feet – even though we see this as a huge buying opportunity, so we have some new investors coming on at time of writing.

 

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Craig Lambie

Craig Lambie is a versatile leader with over 20 years of experience across the IT, finance, and property sectors in Australia and the UK. He specialises in bridging the gap between commercial strategy and technical execution, having led multi-million-pound property developments while simultaneously driving digital transformation and AI-driven automation initiatives. With a deep technical background in software development and systems optimisation, Craig excels at implementing automation and AI tools to streamline operations and deliver measurable cost savings. His expertise spans senior IT project management, property development (GDV £10m+), and business consulting for startups and scale-ups. An advocate for sustainability, Craig integrates renewable energy and ESG principles into his projects, focusing on tech-enabled solutions for the energy transition. He holds a Bachelor of Economics and Finance from RMIT and is known for his ability to engage diverse stakeholders—from C-suite executives to technical teams—to deliver high-impact, commercially focused results. Craig is currently focused on, and passionate about bringing Deliberative Democracy to the world with Deliberative Super and campaigning political players to adopt it.

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