CPF Property Mandates

Overview

Capital Property Funds can assist investors looking to gain exposure to the Australian commercial property market.

We are experienced in every aspect of managing property mandates including origination, tenancy and building management, asset repositioning and execution of disposal strategy.

We provide comprehensive reporting on a regular basis.

CPF work closely with our clients to understand and document their investment requirements.  Once this has been agreed we then present potential opportunities to our mandate client with a detailed overview of each asset.

Once an asset has been selected, CPF run an acquisition process including legal and technical due diligence, detailed financial modelling, valuation reports and sourcing of external debt capital (if required).

91 Philip Street (Parramatta)

Fund:

91 Phillip Street Fund


Acquisition Price:

$30,000,000 – September 2015


Sale Price:

$56,630,000 – November 2018


Income Return:

8.00% p.a. net of all fees and expenses paid to investors for the duration of the fund.


Capital Return:

Investors in the Fund enjoyed a capital return that equated to more than double their initial investment in the Fund.


LVR:

50%

Fund Overview:

The 91 Phillip Street Fund provided investors access to an A grade commercial office building located in Phillip Street Parramatta. The property enjoyed a high quality and diversified tenancy profile.


Outcome:

Capital Property Funds purchased the property and managed with a portion of leasing risk. (i.e., vacant office space) which was fully leased by the time of sale. We also converted some excess ground floor car spaces into additional office accommodation which increased the net income of the property and created additional capital value for the investors.

110 Eagle Street (Brisbane)

The Property:

110 Eagle Street Brisbane is a B grade commercial office building located within the “Golden Triangle” of Brisbane’s CBD.

110 Eagle Street provides 248 sqm of ground floor retail space and an additional 14 storeys of office space & end of trip facilities.

The building has typical floor plates of 376 sqm, and a total net lettable area of 5,482 sqm.

110 Eagle Street is an island site and enjoys an abundance of natural light on all sides and also panoramic CBD views, with some suites looking over the Brisbane River.


Purchase Price:

$35,250,000 – November 2018


Acquisition Date:

4 October 2018

Strategy:

CPF acquired 110 Eagle Street under a private mandate agreement with the view to improving the leasing profile of the Property over time.

The strategy implemented by CPF has been to gradually upgrade all vacant space with the view to capturing higher quality lease covenants.

 

In addition, CPF has been managing a general upgrade of the building services including, new chillers, upgraded electrical systems, and other capital works programs.

 

During ownership, CPF has managed the several whole of floor refurbishments including modern fit out, new air conditioning, upgraded toilets, etc.

601 Coronation Drive Toowong (Brisbane)

Fund:

601 Coronation Drive Fund


Acquisition Price:

$45,200,000 – August 2016


Valuation:

$51,250,000 – 30 June 2021


Income Return:

8.00% p.a. net of all fees and expenses paid to investors for the duration of the Fund (August 2016 – June 2022).


Fund Overview:

The 601 Coronation Drive Fund provides investors access to an A grade commercial office building located at 601 Coronation Drive Toowong Brisbane. The property enjoys a high quality and diversified tenancy profile


LVR:

50 – 55%

Outcome:

Capital Property Funds purchased the property with a 20% vacancy and actively managed the property including completing end of trip facilities and installing speculative office fit outs in the vacant spaces, resulting in the property becoming 100% occupied. The property enjoys a high quality and diversified tenancy profile.

Get in Touch

Get in touch with our team to learn more about our investment opportunities