Moving forward with the prospectus

The Reef
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Calling @coral-board and specifically @RichardB.

I finally found some time to work on the prospectus. Not done yet, but I did get around to one of the two big steps I had in mind, redoing the financial planning (the other is risk analysis).

For this new version, I looked at the simplified budget v7 and the cash flow forecast we presented at the GA. I made the following decisions:

  1. Divide the budget in four macrocategories: land, expertise, construction (casco) and finishings. There is no separate “taxes” category, rather I bundled taxes and administrative costs with the four macrocategories.
  2. Assume an average cost for the finishings of the private units of EUR 900 x m2. The prospectus will obviously report that the final decision will be made by each individual household for their unit.
  3. Assume the following timeline for construction costs: 1/3 of the casco construction happens in 2026, 2/3 in 2027, nothing in 2028. For finishings: nothing in 2026, 1/3 in 2027, 2/3 in 2028. The idea is that construction would begin around mid 2026 and finish two years later.

Do you think it’s defensible? you can see the table here, look at the Aggregating tab.

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Ok, I’m done. I would like the following to happen:

  1. @RichardB gives it a once over, looking for information that banks want to have about a project like this.
  2. After we have debugged it, we ask someone in @reef-external to beautify it.
  3. Next, we present it to this group (or to the plenary directly?)

The file is here.

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Sure, will review in the coming days!

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Looks great! Thanks a lot!

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All done now, included a few comments and one suggestion, overall looks very good!

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@alberto Hi Alberto !
I’d like a clean version of the file ( without comments ) so i can edit the layout of the final version as requested, could you please tag me once it’s available ?
The layout looks already great, do you expect me to "clean up " a bit the layout in word file or should I turn it into a slidedeck for presentation ? Thank you !

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Hello @Wenwei and thanks!

  1. Comment threads all resolved, you can go ahead.
  2. We are producing a PDF to print/email to people, so not a slide deck for presentation.
  3. Richard suggested to add, at the end, plans of the three buildings (though this can be tricky).
  4. Sketches, renderings and plans from the architects should bear the text “© Stekke + Fraas”.
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Hello @RichardB, @alberto and @Wenwei,

I was assigned the action point to point people to possible examples of visuals to promote a single unit, so here we go …

Promo: more wordy and more visual?