One or more wholesale funds will be established, to take advantage of prime buying opportunities that arise in the Australian commercial property market.
Particular expertise will be brought to the selection, acquisition and management of target properties, in accordance with the following criteria:
- Premium location;
- Acquisition value, typically between AUD $15 to $30 million;
- Quality tenancies with good WALE;
- Demonstrable capital growth potential;
- Gearing between 50% and 65% of acquisition value;
- Secure income stream paid quarterly – target >9% p.a.; and
- Target IRR – 12%+
Each Fund is intended to have a 5 to 7 year expected life. Extension of the investment life beyond 7 years will require approval of more than 75% of members. After 5 years, liquidity will be guaranteed to any investor who wishes to exit the Fund.
Individual investment amounts between AUD $200,000 to $1,000,000.