Edmondson Park Development Fund
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.
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.
| Fund Status | Project completed and Fund Closed |
| Project | “The Ridge” - 133 land-lot subdivision |
| Fund Term | 13 months |
| Equity Raised | $6.5m |
| Investment Structure | Preferred 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) |
