By Daniel Lanyon on 6th September 2018
Investors are being offered both property-backed debt and equity investments through the single platform for the first time.
Property Partner, the alternative property investment platform, has ramped up investors' access to development finance loans.
The first debt investment opportunity will deliver a forecast net total return of 10 per cent per annum, the firm said in a release.
Property Partner currently offers equity investments in residential, purpose-built student accommodation (PBSA) and commercial properties. Now, for the first time, it will also offer investors the opportunity to invest in development loan bonds on the same platform.
The move follows on from the appointment of its new CEO Marshall King, who took over from founder Daniel Gandesha. It is the first in a series of planned bond launches that sees Property Partner join forces with development finance firm Proseed Capita. The first development is a project to develop apartments at Regent House, Basildon.
King saysinvestment in development finance has been both opaque and complicated until recently.
“It’s been the preserve of corporates and people with friends in the right places. We’re changing this and bringing a valuable part of the property investment world to more people than ever before.”
“As we do with all types of property investing, we’re making development finance easier and more transparent than ever before. That means, unlike anywhere else, all our extensive due diligence will be presented up-front, giving investors the chance to dig deeper into the deal before making an investment decision.”
Earlier this year, Property Partner expanded its portfolio of investment opportunities through a partnership with residential investor GAMA Property, which represented the platform’s first ever agreement with a third party property investment company.
Join AltFi at their fourth annual Australasia Summit to examine the future of lending in Australia. Where we present best practices across, technology, partnerships, open banking, governance, data access, consumer experience, capital markets & funding, the role of government and regulation.