Drapac Sustainability Fund
- Commercial
Drapac is leading the way in sustainable property investment with the launch of its new Drapac Sustainability Fund. The Fund, dedicated to holding sustainable property assets only, is believed to be the first of its type in Australia.
Drapac believes that sustainable property will emerge as an asset class with lower levels of risk and more favourable opportunities for capital growth and is providing opportunities for savvy investors to participate in this market sector.
The Drapac Sustainability Fund aims to grow to between $200-300m and will acquire, develop and hold qualifying properties meeting a minimum Five-Star Green Star rating (or equivalent).
Manager remuneration is tied to performance and the Fund seeks to provide attractive income distributions to investors as well as the potential for capital growth.
The seed asset for the Drapac Sustainability Fund is 200 Victoria St, Melbourne. The former Carlton and United Breweries laboratories are currently being converted into state-of-the-art, sustainable and innovative office spaces. The project aims to achieve a Six-Star Green Star "design" and "as built" rating and the $35 million completed development will provide an opportunity for small-medium sized business to locate in high quality, environmentally sensitive space on the northern edge of Melbourne's CBD.
The investment offering is open to Institutional and Wholesale investors. Applications close 20 June 2008. If you would like to discuss this opportunity, please contact Drapac.
- Download Extension of Closing Date - Drapac Sustainability Fund (PDF)
- Download Information Memorandum for the Drapac Sustainability Fund (PDF)
- Download Financial Services Guide (PDF)