Edmondson Park Development Fund

Property Description

The Fund invested $6.5m of preferred equity into the development of “The Ridge”, a land subdivision project located in Edmondson Park, south-western Sydney. The development involved the acquisition of three parcels of land in Edmondson Park, totalling 7.58 hectares, to be subdivided into 133 residential lots ranging in size from 300sqm to 619sqm.

Investment Rationale

The Fund provided Investors with an opportunity to partner with Vantage Property, an experienced Developer with a strong track-record in delivering residential projects in south-west Sydney. The rapid population growth and strong residential sales, underpinned by ongoing investment in infrastructure, provided a strong basis for the investment. The contribution of preferred equity provided investors with a priority return over a period of approximately 12 months.

Key Fund Stats

Fund StatusProject completed and Fund Closed
Project“The Ridge” - 133 land-lot subdivision
Fund Term13 months
Equity Raised$6.5m
Investment StructurePreferred Equity via Closed-End Unit Trust
Investor Return on Equity 24.4% (24.4% Forecast)
Investor Internal Rate of Return 25.4% p.a. (20.5% p.a. Forecast)