Please select an asset class/style from the menu below to view the capabilities and funds. For more information you can select a specific capability or fund and click view.
Select Property Portfolio 3
Fund overview
At the higher end of the risk/return spectrum, we offer opportunistic property products. We have 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 third and most recently established fund in our latest suite of opportunistic funds is the Select Property Portfolio 3 (SPP3) which was established in November 2007. SPP3 focuses on higher return/higher risk property opportunities in the Australasian property market and aims to capture an internal rate of return of 17% (before fees, tax and fund expenses) over its 7 year term. This fund, a close ended unlisted wholesale trust and is currently closed to new investors. It raised over $190 million in equity. The Fund has invested the majority of its capital in a range of development and value add opportunities including a luxury residential apartment development, and two office investments with leasing risk. The Fund is considering a range of additional investments, with a preference for inner city industrial or residential land and commercial office investments in the capital cities.
This fund is now closed to new investors.