Future Estate has launched the Future Estate Development Opportunity Fund, a managed investment scheme available both to retail and wholesale investors.
The fund, launched Wednesday, targets “opportunistic” investments into the residential sector, Future Estate’s managing director Ben Anderson told SMSF Adviser.
“The primary investment thesis for the fund is to take advantage of the capital shortage to the construction and development sector,” Mr Anderson said.
“[The fund] will make strategic and opportunistic investments into carefully selected residential projects at various stages of the development cycle where significant value can be extracted from the investment.”
The fund targets retail, wholesale, domestic and offshore investors, Mr Anderson said, and is available to the retail market to cater to SMSF investors.
“There is overwhelming demand and interest from [SMSFs]; they certainly see the investment thesis and the opportunity,” he said.
“It’s just very difficult for your average SMSF to be able to participate in the sector because it’s largely tightly held by a small number of family offices and private investors and it’s not really available via any other investment vehicle in the market, so that’s simply what the fund is trying to cater to.”
SUBSCRIBE TO THE SMSF ADVISER BULLETIN
- 26 May 2017Merged association poised to shake up member servicesBy Katarina Taurian
- 26 May 2017Positive exclusion as LRBA amendments introduced to ParliamentBy Miranda Brownlee
- 26 May 2017Midwinter releases superannuation calculatorsBy Staff Reporter
- 26 May 2017AMP pushes SMSF arm in broad growth strategyBy Staff Reporter
- 25 May 2017SMSF member bodies confirm mergerBy Katarina Taurian
- 24 May 2017SMSF loans facing ‘double whammy’, says brokerBy Miranda Brownlee
- view all
- Merged association poised to shake up member services
Under the united banner of SISFA, two newly merged representative bodies are looking to provide “unique” member benefits, including faci...read more
- Positive exclusion as LRBA amendments introduced to Parliament
The government yesterday introduced its proposed amendments for limited recourse borrowing arrangements into Parliament, but has not include...read more
- view all