East Brisbane Development Fund
169 Wellington Road,
East Brisbane, QLD 4169
The East Brisbane Development Fund (Fund) was established to invest equity into a Project to develop 169 Wellington Street, East Brisbane, QLD 4169 (the Property). The Fund has entered into a co-ownership agreement with RG Property and contributed 50% of the equity to acquire the Property and fund ongoing Project costs.
The Fund’s investment strategy is to achieve superior risk adjusted returns for Investors through the participation in a 50/50 development with the RG Property to develop a 10-storey residential apartment project in East Brisbane. The Fund seeks to leverage the benefits of working with an experienced developer to deliver a high-quality residential apartment project in a market characterised by ongoing shortages and price appreciation. The project seeks to appeal to a range of buyer types including investors, upgraders and downsizers, attracted by the Projects location close to the Brisbane CBD, Kangaroo Point and opposite Raymond Park.
The Fund has a forecast Investor Equity IRR of 22.8% per annum (pre-tax, net of fees), equating to Investors receiving a forecast return (including return of capital) of $1.85/Unit for every $1.00/Unit invested (pre-tax, net of fees).
| Fund Status | Current |
| Project | 10-Storey Residential Apartment Complex, East Brisbane |
| Fund Term | 40 months (forecast) |
| Equity Raised | $9.65m |
| Investment Structure | Project Equity via Closed-End Unit Trust |
| Investor Return on Equity | |
| Investor Internal Rate of Return | 22.8% (forecast) |
