Objection_Nov18 · MCU18/0015

Who’s behind this application? A tiny ‘investment’ company called Novato Group
registered in August 2016 with very limited development experience and no track record of
sensitive ecological developments, or awareness of environmental complexities. The two
small property projects - uncompleted to date - do not reflect an environmentally sensitive
track record or expertise.

Landowner David Neate is a Melbourne developer who purchased the site in 2010 for
$2.350,000. The site was sold with zoning: Open Space Conservation, Attached Housing,
Detached Housing and Semi Attached Housing.

Mr Neate has submitted DA and Operational Works applications since 2003, which
Council has refused. Novato Group optioned the site and has stepped in to commission
the latest analysis for this current Development Permit MCU18/0015 in conjunction with
Mr Neate.

Novato Group has assembled a syndicate of investors who believe the Property
Development Proposal to be worth around $20m if DA is approved. They have
commissioned some of the latest reports and analysis.

Novato Group - refer www.novatogroup.com

Stated intention on the website is to “… potentially unlock value for investors” and to “…
extract value from this well placed area.”

“Novato Group is a company focused on seeking investments and driving growth for its
owners and fellow investors. Investments include real estate and technology start ups ...”

Property Development listed on the website is:
   •   One Townhouse / Duplex Development in Peregian Springs, QLD
   •   One ‘Land Bank Project’ for a unique amalgamation of land on Samford Road, Mitchelton QLD
       that … provides a future development opportunity that will potentially unlock value for investors.
   •   Two blocks of commercial land in Minnesota USA in partnership with Otsego Lots Development
       “Novato is working with its partners to develop a suitable plan to extract value from this well
       placed area.”
Specialty services include everything except development expertise:
   •   Investment
   •   Capital Raising & Corporate Finance
   •   Corporate Strategy and Strategic Advice
   •   Operations
   •   Business Reviews, Budget, Health Checks and Report Structures
   •   Business Valuation
   •   Risk Management
   •   Technology and Innovation Consulting
   •   Growing Companies and Start-Ups
   •   Entrepreneur support, guidance and coaching
   •   Content Marketing & Public Relations and Events Management
   •   Investor Relations