Pinnacle Properties
Redefining Residential Living in Cameroon
About Pinnacle Properties
Pinnacle Properties is the real estate development arm of Costas Plc, committed to creating landmark communities that blend eco-friendly design, modern technology, and lifestyle aspirations.
Our flagship development at Piti-Debamba, Sanaga Maritime (Littoral Region) will set a new benchmark for premium residential living in Cameroon.
Flagship Project: The Piti-Debamba Estate
Vision:
To develop an eco-friendly, riverfront residential estate of stand-alone houses that creates a secure, socially homogeneous, and aspirational community for Cameroon’s affluent citizens, diaspora, and international residents.
Highlights:
- Upper-end market, lifestyle-oriented neighborhood.
- Latest construction technology for quality and sustainability.
- Riverfront location with landscaped public spaces.
- Benchmark for eco-friendly residential development in Cameroon.
Masterplan Overview
|
Component |
Description |
|
Residential Units |
1,330 standalone houses (average 583.4 m² per unit) |
|
Shopping & Retail |
Integrated shopping facility for daily needs |
|
Education |
School within the estate for children |
|
Recreation |
Clubhouse, swimming pool, tennis courts, sports & leisure zones |
|
Hospitality |
Restaurant and banquet hall for events |
Target Market Strategy
|
Segment |
Share of Sales |
Characteristics |
|
Cameroonian Diaspora |
50% |
Premium price, cash purchases via international network of real estate professionals |
|
Foreign Investors / Multinationals |
30% |
Premium price, cash purchases for expatriates and employees |
|
Local Cameroonian Formal Working Group |
20% |
Standard price, mortgage financing through Société Générale & Crédit Foncier |
Deal Summary – Key Assumptions
|
Item |
Details |
|
Transaction Date |
1 Jan 2026 |
|
Sales Start |
1 Jan 2027 |
|
Construction Start |
1 Jan 2028 |
|
Construction End |
31 Dec 2031 |
|
Units Sold at Commencement |
80% |
|
Units Closed per Month Post Completion |
106 |
- Gross Site Area: 1,000,000 m² (Net Salable 333,200 m²)
- Density (FSR): 1.07
- Average Unit Size: 583.4 m²
Financial Highlights
|
Metric |
EUR Total |
EUR/Unit |
|
Development Costs |
€293.6 M |
€218,565 |
|
Sales Revenue |
€508 M |
€382,000 |
|
Net Proceeds |
€505.6 M |
€380,262 |
|
Max Construction Loan |
€279.1 M |
55% LTV, 90% LTC |
|
Free Cash Flow |
€198.4 M |
€149,240 |
|
Levered IRR |
39% |
Assumptions for Cash Flow Timing and Construction Timeline
Sales Inflows (€505.6 M net proceeds):
|
Year |
% of Total Sales |
Inflow (€ M) |
|
2026 (pre-sales deposits) |
5% |
25.3 |
|
2027 (early closings) |
15% |
75.8 |
|
2028 (main closings) |
25% |
126.4 |
|
2029 (main closings) |
25% |
126.4 |
|
2030 (later closings) |
20% |
101.1 |
|
2031 (final closings) |
10% |
50.6 |
(Construction ends Dec 2031, so most sales cash is collected before final handover.)
Development Cost Outflows (€293.6 M):
|
Year |
% of Total Dev. Costs |
Outflow (€ M) |
|
2026 (site prep & mobilization) |
15% |
44.0 |
|
2027 (pre- construction) |
30% |
88.1 |
|
2028 (major construction) |
25% |
73.4 |
|
2029 (major construction) |
15% |
44.0 |
|
2030 (finishing works) |
10% |
29.4 |
|
2031 (final works & handover) |
5% |
14.7 |
Financing & Risk Mitigation
- Escrow Account: To secure buyer payments until agreed conditions are met.
- Mortgage Support: Partnerships with Société Générale and Crédit Foncier for local buyers.
- Structured Sales: Clear absorption and closing schedules for predictable cash flows.
Investment Opportunity
Pinnacle Properties invites equity partners, institutional investors, and development finance institutions to participate in this landmark project.
- Co-development or equity participation options.
- Transparent deal model (Deal Summary & Cash Flow Model available).
- High projected IRR and premium market positioning.
Request Full Project Dossier (Detailed pro forma available under NDA.)
Our Commitment
- Deliver lasting quality and integrity for end users.
- Set a new standard for eco-friendly residential development in Cameroon.
- Provide investors with clear visibility on timelines, costs, and returns.
Contact Pinnacle Properties – Investor Relations
Costas Plc Headquarters – Douala, Cameroon
📧 info@costasplcgroup.com mailto: info@costasplcgroup.com
📞 +237 699 955 801
