Projects

Beachside Brighton is a prestigious new seafront development of 76 apartments on a 3,572sqm site overlooking the turquoise waters of the Indian Ocean. Sixty-four apartments are to be constructed within a 17-storey podium and tower facing west to the ocean. The remaining 12 apartments are to be located in a podium on the east of the property. The 12 apartments have been sold to Foundation Housing, the largest state-based community housing provider in WA.

The Fund’s Investment Committee has been aware of the potential of this site for several years. The direct beach-front location in the suburb of Scarborough places the project within a larger state-driven redevelopment initiative. This bodes well for sustained economic growth and demand for residential properties – particularly in the mid-range market segment that this development targets. The robust economic indicators for the region suggest that this development should benefit from favourable market conditions, underpinned by stable property market trends in Western Australia.

Scarborough is a highly desirable coastal suburb, and home to Brighton Beach, one of the most iconic beaches in Perth. The Scarborough Beach area is predominantly residential, along with a significant entertainment, retail and recreation precinct that attracts people from across the Perth metropolitan area and beyond.

The site, at 291-293 West Coast Highway, Scarborough, WA, is absolute beach-front, with views and beach access that cannot be built out. It is approximately 14 kilometres from the Perth CBD.

May 2024
Legal due diligence commenced

Aug 2024
Investment agreement signed

Nov 2024 – Mar 2025
Value management and design refinement underway

May 2025
Project marketing assets and tender package preparation underway

Jun 2025
Demolition of existing dwellings commenced

Design and construction of 40 prestigious apartments on a 3,852sqm site. The apartments are designed to appeal to wealthy down-sizers, with features and amenities that reflect the discerning requirements of this market.

The Fund has chosen to invest alongside a small group of premium investors. The calibre and accomplishments of this group de-risk the project, and provide our investors with a seat at the table in a substantial and significant blue-chip property development.

Balwyn is a prestigious suburb approximately 10k from Melbourne’s CBD. It provides convenient access to Eastern Freeway, has excellent public transport links, and offers a strong choice of schools and shops.

Maleela Ave is in one of Balwyn’s most premium tree-lined streets, surrounded by pre-war mansions.

August 2023
Land acquisition settled

December 2023
Design to lodgement

October 2024
Planning Permit Granted

March 2025
Display suite completed and opened

April 2025
VIP soft launch commenced with strong local interest

May 2025
Public launch underway; early sales reservations secured

The project specific SPV has entered into a contract to acquire 17 Kingfisher Crescent, Burleigh Waters — a 901 sqm waterfront site with 30 metres of northeast-facing frontage. The project involves the construction of a single high-quality residence, with design led by Smek Design, a leading Gold Coast architectural firm. The site was secured off-market and aligns with the Fund’s strategy of targeting shorter-term residential development opportunities.

This project supports the Fund’s approach to balance longer-term development holdings with smaller projects that offer faster capital recycling. The property was acquired for $2.85 million, with an independent valuation by Opteon valuers confirming the price.

Burleigh Waters continues to show strong fundamentals, including population growth, limited supply of waterfront land, and ongoing demand from local and interstate buyers. Planning and design work commenced in May 2025 following Investment Committee and Responsible Entity approval.

Burleigh Waters is a well-established residential suburb on the southern Gold Coast, close to schools, retail centres, and the Burleigh Heads precinct. It remains in demand due to its lifestyle appeal and access to amenity.

May 2025
Contract signed

May 2025
Responsible Entity and IC approval obtained

May 2025
Deposit paid; planning/design commenced with Smek Design

June 2025
Settlement scheduled

A 1087sqm site was acquired, zoned residential, comprising four separate house lots on which four Executive Homes are being built.

Against the backdrop of rising interest rates, and with the Australian economy underpinned by resources revenue, gaining exposure to the Perth market, and not taking on debt for the acquisition, are key planks in hedging against risks.

The land is located only 3.5km from the Perth CBD.

With Subiaco Square shopping centre, schools, hospitals, train stations and entertainment facilities in close proximity, within 1.5km

32-34 Troy Terrace, Daglish WA 6008

April 2023
Land acquisition settled.

May 2024
Planning application lodged

In December 2018 Members of the committee purchased a large block of land, 2.67 hectares in Port Douglas Queensland for $7,300,000.

We identified the block as a distressed asset and vastly undervalued by the vendor.

After successfully recognising and restructuring the existing plans and permits, at a cost of approximately $1,000,000 the asset was sold in December 2019 for $13,100,000. (Profit $4,800,000)

Identified an undervalued asset with considerable scope for uplift and taking advantage of our strong equity position and ready access to capital.

A state of the art, purpose built 2,261m2 medical centre adjacent to the Gosford Private Hospital, the largest private hospital on the Central Coast of NSW. Developed successfully and sold to Australian Unity Healthcare Property Trust, one of Australia’s leading healthcare property investors.

• DC CAPITAL

Capital raising used to invest in an SPV (Special Purpose Vehicle) that purchased a block of land with an existing structure in High Street Armadale Melbourne for $5million.

After holding the asset for two years and completing the permit process and architectural requirements, the asset was on-sold to a development company with considerable profit made.

Each Unit Holder was paid a return of 15% per annum compounding. That return, when taking into account the risk mitigation position of the SPV owning the asset made for a highly successful investment opportunity.

Taking advantage of the highly sought after location of the asset in the upmarket boutique shopping strip of High Street Armadale and allowing for uplift though shrewd purchasing and permit acquisition. The committee members previous work and due diligence on the strip and relationships with council meant the entire investment was entered into with the utmost confidence.

• Bayley Ward