We are working with our client to build out a $20m portfolio. The portfolio currently consists of a unit block in Melbourne and three A-grade capital city assets in Melbourne, Brisbane, and Adelaide. The portfolio is diversified across three states which helps lower land tax and spreads market risk.
The Brisbane and Adelaide assets are long term passive investments. The two Melbourne assets were purchased due to their future development potential and ability to manufacture growth in AAA suburbs.
We are actively growing this clients portfolio, and plan to acquire five more assets before turning our attention to developing the Melbourne assets.