About ProGreen US
The most significant part of our preparations was an overwhelming success.
We are now seeing greater opportunities in offering these types of properties for sale with land contracts, as so many people still are unable to qualify for conventional credit to purchase a home. We will be able to maintain high margins and at the same time create an opportunity for people to own their homes.
Recently we’ve been focusing our experience, investments and interest in agricultural land in Baja California, Mexico. We have entered into a joint venture with a Mexican landowner, Inmobiliaria Contel and have jointly created Procon Baja (PROCON), our newest JV with ProGreen owning 51% and Inmobiliaria Contel 49%.
We’ve completed development of the first tract of land which consists of approximately 300 acres of which some 100 usable acres have been cleared. The most significant part of our preparations was an overwhelming success. We were able to drill three wells providing an abundance of water. The land will now be offered for sale to active farmers in the area.
Another agreement was recently signed for a further 1,900 acres (500-800 usable for farming), and a 3-year option for 11,500 acres (1000-2500 usable for farming). This land, once developed and prepared will be offered for long term lease (10-15 years), with the JV holding the title. This will enable ProGreen to consolidate the assets to its balance sheet.
Mr. Telander began his lengthy tenure of developing and directing several successful business models in the early 70s. In the last few years Mr. Telander has had major successes including starting up Soltech a leading solar technology company in Sweden and China. In Spain Mr. Telander is responsible for the building of over 500 homes.
In Spain, Sweden, the UK and in the United States, he is recognized for his record of success in real estate developments and construction, private investment dealings, the acquisition and tailoring of start-up companies, including a new solar technology company. Mr. Telander’s strong belief in energy efficiency and green technology has become a focal point in his present evaluation of business opportunities.
As the founder and leader of ProGreen, Mr. Telander’s vision for success has now led him to look at Baja California as a great opportunity for future developments. ProGreen has until now been exclusively involved in real estate in Oakland County, Michigan, but has now started to look into other areas with great opportunities. At present the company is looking into possible development opportunities in Oklahoma and expansion of their on going efforts in Baja California.