LTCM for Affordable Housing Proof of Concept

Project Summary (Excerpt)

LTCM is a globally patented concrete superstructure “system” that has been successfully used in the construction of three apartment buildings and one Hilton Hotel in Western Australia. LTCM combines the structural integrity of concrete frame with the speed and efficiency of off-site manufacturing. LTCM addresses key concerns in the current construction industry: build-time, costs, bespoke design, re-work, compliance, and the use of BIM. We intend to build a 5 storey apartment building in under 12 months and at a cost significantly less than current industry norms. We have a large US partner sending a team to learn the system in preparation to launch LTCM in the US market. The LTCM system is also appropriate for multi storey hotels, aged care and student accommodation. LTCM’s applicability and economic viability is global. The opportunity is to participate in the local development, the US business or the global business.

Project description

The world is facing an unprecedented shortage of affordable housing. The Australian Federal Government’s National Housing accord is targeting the construction of 1 million new dwellings in the 5 years to 2026/2027. One of the causes of the housing shortfall is the construction industry’s inability to build in a timely and cost effective manner. The construction industry has barely changed or holistically adopted new technology for decades. Our LTCM system seamlessly fits into the existing local construction industry supply chains and incentivises the use of BIM/3D technology by the industry. Our LTCM affordable housing proof of concept project will provide the irrefutable evidence of the material time and cost gains that are achieved by the combination of BIM/3D, industrialised construction and the LTCM system. The project will show how a typical mid rise apartment building can be built with unparalleled dimensional accuracy, 30-40% faster than current build times and at a cost that enables currently unfeasable projects to be built.

Investment opportunity details

The LTCM business comprises three layers; LTCM component manufacturing, real estate development (the templated LTCM factories) and licensing. We are open to an investment partner participating in the proof of concept project (equity or debt), the US business (equity) or the global business opportunity (equity), or some combination of all three.