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  • Jun 24 2019

    VIDA West End, a review of one of MPFM's first residential financing projects (which returned us 21%)

    Value Hunting / Markets

    Our first property financing deal was a c 150 apartment project, called VIDA, located at the riverfront in Brisbane’s Westend by Pointcorp, with a gross completed value of $100m approx. Bank West provided the first ranking senior debt, and we sat pari-pasu with Maxcap as a mezzanine loan, ranking in priority behind the bank with a second mortgage security and with Thakral Capital Australia subordinated to us as equity. After we had run a lengthy and detailed due diligence process, our capital was called in about the third quarter of 2013 and repaid in full by the end of November 2016, with a 21% IRR (-annual internal rate of return).

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$250 million valuation uplift achieved across Dexus's portfolio

Camperdown Hotel to hit the market as Urban Renewal takes off

The new Raffles Maldives Meradhoo

VIDA West End, a review of one of MPFM's first residential financing projects (which returned us 21%)

Mar 06 2019

MP Funds Management’s first investment of 2019

Invest / Direct Property Funds

MP Funds Management (MPFM) has made its first investment of 2019, a co-investment with another group that MPFM has a successful and ongoing co-investment relationship with. The acquisition of the Crossroads Homemaker Supercenter (the subject property) is an opportunity of scale and dominance in one of Australia’s most significant growth regions. The centre offers an existing net lettable area of 47,997sqm on 143,997sqm land over 4 separate lots. 93% of the property income is underpinned by national retailers including Bunnings Warehouse, Freedom, Fantastic Furniture, the Good Guys and Nick Scali.

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Jun 24 2019

Qalitas raise $35m for its real estate debt fund

Invest / Direct Property Funds

Qualitas' first "pure property debt" listed investment trust, the Qualitas Real Estate Income has raised another $35 million in funds to issue more commercial loans.

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Jun 24 2019

Altis Acquires discounted brand new apartment stock for $35m

Property Markets / Transactions

Altis Property Partners, have paid approximately $35 million for 61 unsold units at the Gondon Elysee project at 1-5A Cliff Road and 6-10 Carlingford Road in Sydney's northwest. The apartment project has a total of 130 units at Epping and the Altis acquisition represents a discount of about 32 percent to the $52 million book value.

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May 27 2019

WHAT WEALTH MEANS TO ME - Sir Owen Glenn

People & Companies / Profiles

Sir Owen Glenn KNZM OZNM LLD (Hon) has been awarded a knighthood by Her Majesty the Queen for his global philanthropic work and business achievements. He has started companies built them, bought and sold them to private equity companies and then started again. He has had group one winning race horses and been awarded a graduate degree OPM15 from Harvard He has homes in Knightsbridge, Sydney, Fiji and New Zealand. His Sydney-based horse farm is widely acknowledged to breeding the best broodmares in Australia.

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Jun 24 2019

Moelis has acquired 54 brand new apartments from Payce for approx $30 million.

Property Markets / Transactions

ASX-listed investment firm Moelis Australia has acquired 54 brand new apartments in one line from Sydney developer Payce for close to $30 million.

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Profiles on People & Companies


Lang Walker of Walker Corporation

We go behind the scenes with Industry guru Lang Walker.

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Snapshot


The Property Addict


  • Jun 24 2019

    The new Raffles Maldives Meradhoo

    The Property Addict / Luxury Lifestyle

    Raffles has announced the opening of the 21-villa Beach Island Experience in the rare Maldivian oasis of Gaafu Alifu Atoll. This is Accor’s fourth property in the Maldives and is the first under the Raffles brand

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Jun 11 2019

Escape to Bali's Best Beach

The Property Addict / Travel

Karma Beach is secluded at the bottom of the edifice of a lush jungled resort of villas, its meandering cobbled pathways echoing the quaintness of a rustic Greek or European seaside village.

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Jun 11 2019

Mandarin Oriental London reopens

The Property Addict / Luxury Lifestyle

In the biggest top-to-toe revamp in its 117-year history, which was delayed by a fire last summer, London’s landmark Mandarin Oriental Hyde Park has finally emerged from behind the massive hoarding designed by Sir Peter Blake.

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