Corporate Governance & Finance of Country Etates

Picture: Corporate Governance & Finance of Country Etates Cor J.M. Denneman Heilscher,
born in Holland, Utrecht, on 23-08-1949 as the first child of Cor Denneman Sr. (Dutch) and Anneliese Heilscher (German). He studied mathematics, physics and weapon-techniques at the Royal Military Academy (KMA) in Breda (‘Breda Castle’). As an infantry platoon leader he built up his first leadership experiences. After deciding to leave the army, Cor combined theory and practice in marketing, management & business economics. At the age of 25 he became Managing Director of a German company in staircases: H & S International GmbH. In 1985 he decided to become entrepreneur, starting as Managing Director of communication agency PRAD/NPP bv and later-on he launched in 1986 TOPAZ, Marketingwise Communications bv.
 
Core Developments Holding bv (CDH),
a holding company since 1985, focusing on launching companies with management, marketing and finance in mind. After starting in 1986 (the nowadays still active) TOPAZ, Cor co-founded EdiMark bv in 1988, bought all shares from his associates (2) in 1990 and renamed it Forest Returns bv. Cor and his wife (since 1970) Joke Kloppenborg still own 100 % of the shares of CDH. CDH owns 80 % of the shares of TOPAZ and 80 % of the shares of:
  
Forest Returns bv,
a pioneering reforestation & country estate company, registered since 1988, focusing from the beginning on reforestation processes in countries such as: The Netherlands, Costa Rica, Ghana, Brazil, Costa Rica, Panama, Turkey and Surinam. To create an attractive split risk portfolio in the interest of all stake holders, a brand-new multifunctional country estate concept has been developed: the so-called ‘Papatya Model’* with the seven clusters of related activities on all concerning country estates in mind. Besides the already mentioned 80 % of the shares, owned by CDH, the rest of the shares (20 %) belongs to LJB Management & Consultancy bv, the holding company of Cor’s associate (since 1998) Dr. Hans van der Holst.
 
Hacienda la Esperanza Sociedad Anónima
The 1.114 hectares (= 2.753 acres) country estate ‘Esperanza’  (= hope) is more than just a hotel or luxurious eco lodge resort. The ever green southern part of Peninsula de Nicoya is one of Costa Rica`s most cherished gems and became world-wide Blue Zone Number One (based upon a seven years study by Dan Buettner of National Geographic). From the hilly interior the mountains slope down to the ‘Oceáno Pacífico’, creating one of the most beautiful and peaceful Costa Rican beaches. All assets of ‘Esperanza’ (with Cor as ‘presidente’) are property of the Netherlands based Vereenigde Costaricaanse Compagnie bv (VCC). ‘Esperanza’ has been valued:  € 9.200.000. CDH owns 31 % of the VCC-shares.

Landgoed Groot Mariënbosch NV (LGM),
an 823 hectares (= 2.034 acres) country estate in Surinam between the Commewijne River, rich in dolphins and fish, and the by many see turtles populated Atlantic Ocean. The former planter’s building, since 1774, is labelled as patrimonial part of the country estate. All assets of the former plantations ‘Mariënbosch & Guadeloupe’ are property of the Surinam based NV with Cor as Chief Executive Officer. LGM has been valued: € 5.600.000. CDH owns 44 % of the LGM-shares. To be continued...

Landgut Grünes Brandenburg GmbH (LGB)
Based on his country estate experiences in other countries and with a future country estate in Germany of at least 1.000 hectares (≥ 2.500 acres) in mind, Cor decided -after two years of research in several ‘Bundesländer’- to establish a German company with Forest Returns bv as 100 % share holder in Potsdam in 2010. Mr. Hans-Jürgen Thoma, former Managing Director of Mannesmann in Berlin, also became ‘Geschäftsführer’.

*‘The Papatya Model’
This Forest Returns Country Estate Model is named after the so called Turkish friendship bread which looks like a daisy with a core and six petals. The `Papatya Model` symbolises seven different clusters of sustainable activities:

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Executive Summary
The multifunctional country estate Landgoed Groot Mariënbosch (LGM) in the Caribbean & South American promising country Suriname focusses on:
The existing owners of LGM offer through Forest Returns the:

The average Return on Investment (ROI) upto 12 % per annum is based on the expected increase of the value of the (2.400 metres riverside) properties in the first place and upon the net profit of the fruitful and successful exploitation in the second place.

Caribbean & South American country Suriname
Suriname is a country of enormous cultural and natural diversity; 81% of the surface is covered with still completely virginal tropical rainforest. It is the least explored and least densely inhabited tropical country in the world, with 480.000 inhabitants consisting mainly of Amerindians, Afro-Surinamers or Creoles, East Indians, Javanese and Chinese. Suriname has tremendous ecotourism potential with undisturbed rainforest wilderness, historical (UNESCO) heritage and other unique multicultural and natural attractions.

Description Existing Country Estate LGM
The very first owner of ‘Mariënbosch’ was Isaac Godeffroy from Berlin who bought ‘500 akkers land’ in 1747. In 2008 ‘Founding Eagle’ Cor Denneman Heilscher of Core Developments Holding bv (CDH) closed agreements with three Surinam families to buy their neighbouring plantation areas ‘Mariën-bosch I’, ‘Mariënbosch II’ and ‘Guadeloupe’, in total 823 hectares (=2.034 acres). With help of other Surinam and Dutch investors, a separate Surinam entity was launched with Cor as Chief Executive Officer.

The present country estate, situated between the Commewijne River -rich in dolphins and fish- and the by many see turtles populated Atlantic Ocean, can be reached from the capital (Paramaribo) by future water shuttle within 25 minutes. Based upon the growth of this planned ‘maritime mobility’ a substantial value of the lands can be expected in near future.

The former planter’s buildings, since 1774, are patrimonial parts of the country estate. Because of the rich flora and fauna a part of the areas will be protected as nature reserve. All real assets are property of LGM. At present 11 share holders are involved; 3 in Suriname (including the former owners, the Surinam families Abdoelrahman & Persad) and 8 in the Netherlands.

‘The Papatya Model’
‘The Papatya Model’ symbolises seven different clusters of sustainable activities on Landgoed Groot Mariënbosch NV (LGM):

Activities within revised Seven Years Master Plan

Organization
Mr. Cor Denneman Heilscher is CEO of LGM in Surinam. Mr. Eduard de Blécourt is CFO and Mr. Hans Hanenberg is COO. Mr. Saoed Abdoelrahman can be regarded as the ‘captain of this sailing ship’ in Suriname.

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Inhoud: Backgrounds

  1. ... to start with: `All in the Family`
  2. Personal Education in The Netherlands
  3. (Other) Interests & Passions
  4. 1968 - 1972: Koninklijke Militaire Academie (KMA)
  5. 1972 - 1973: Nederlandse Wapen- en Munitiefabriek De Kruithoorn N.V.
  6. 1973 - 1976: H & S International B.V. and H& S International GmbH; Trappenfabriek Hoograven B.V.
  7. 1976 - 1978: Fetim Bekol B.V. Forestry & Wood Products Enterprises
  8. 1978 - 1982: Diners Club Benelux N.V.
  9. 1982 - 1985: Euro-Fashions B.V.
  10. since 1985: entrepreneurship
  11. Corporate Governance & Finance of Country Estates