At the higher end of the risk/return spectrum, we offer opportunistic property products. AMP Capital has been managing opportunity funds since 1997, providing our investors with access to the value-add and opportunistic sectors in the Australian property market. Our Opportunity Funds Management team has undertaken projects with a diverse range of partners, providing our investors with access to opportunities in development projects and innovative property investments which have delivered attractive returns.
The second fund in the series, the Select Property Portfolio 2 is a close ended unlisted diversified fund that was established in August 2005. It focuses on higher return/higher risk property opportunities in the Australasian property market. The Fund aims to capture an internal rate of return of 17% (before fees, tax and fund expenses) over its 7 year term.
The fund raised over $200 million in equity. The fund has fully invested its capital in a range of development and value add opportunities including land rezonings, strata office / warehouse buildings, retirement villages, commercial office investments with leasing risk and residential apartment projects and land subdivisions.
This fund is now closed to new investors.