A joint venture partnership with Capital Corporation took Kogarah RSL from financial hardship to a secure fiscal future.
After years of dwindling membership and decreasing revenue, Kogarah RSL Club needed some way to revive its fortunes. Kogarah RSL wanted to find a partner to assist in reinvigorating the Club premises, membership, and secure the financial future of the Club. The Club’s board turned to Capital Corporation, a development company that specialises in joint venture (JV) partnerships, to aid in the Club’s recovery.
Capital Corporation has more than 30 years’ experience working collaboratively with landowners to deliver communities that connect, evolve, and thrive. It looks at all available options as to how it can assist each partner with their property outcomes and design a plan that suits, as well as looking at business problems and finding a property solution around them.
For the JV partnership with Kogarah RSL, that meant successfully delivering 220 apartments above a new vibrant 2,000 sqm clubhouse facility, as well as 600 sqm of lettable commercial space.
“Partnering with Capital Corporation to rejuvenate the Kogarah RSL Club has turned out to be the best decision we have made in our long history,” stated the Club’s General Manager, Grant Amer.
“We needed a partner who would assist us to reinvigorate our Club premises, membership and secure our financial future. Capital Corporation has enabled us to achieve these outcomes through their ability to design, fund and deliver an outstanding project for both the end purchasers and Club members.”
The JV partnership has taken Kogarah RSL from a club in crisis, with low member numbers and few prospects to one with growing profitability and increasing member numbers, while reviving a beloved community club and its surrounding community.
Capital Corporation are the leaders in creating the future success of a club that might be struggling, and have the know how to successfully capitalise on the assets that a club would already own.
“Over the years we have identified the need of landowners in realising the true value of their land holdings via participating in developments, typically under Joint Venture arrangement,” explained Capital Corporation director Jim Hunter.
“We love partnerships, working with clubs and finding ways we can add value to their organisation through well planned property development strategies. We are always mindful to substantially enhance any club’s future viability, often based around generating additional income outside normal operations.
“We align ourselves with your partners, navigate through the pitfalls and share the success equally. We are incredibly passionate about what we do and the value we add to our partners.”
Over the past 30 years, Capital Corporation has undertaken numerous projects with community clubs, churches and property companies including, Cronulla Sharks Leagues Club, Bondi Junction RSL Club, Seventh Day Adventist Church, Hillsong Church as well as various other major landowner groups.
Each of the community club projects have taken considerable management to ensure members are included in the process, and the company has remained mindful to substantially enhance the club’s future viability, including by generating a recurring income outside normal club operations.
As Capital Corporation’s tagline suggests, a JV with the company ‘Leads to better places’.
Visit Capital Corporation’s website at www.capitalcorporation.com.au to view more successful projects. To discuss your club’s needs email firstname.lastname@example.org.