Core Plus Fund No. 1 (CPF) acquires office, retail and industrial assets within the main metropolitan regions of Australia’s east coast. The portfolio is structured to deliver strong underlying cash-flows and limited downside risk.
The strategy was realised through the application of capital works, re-letting, active asset management and refurbishment of these assets with a view to increasing and stabilising net rental returns. Once repositioned the assets were considered for divestment subject to the prevailing market conditions.
Asset selection is supported by the use of EG’s proprietary real estate risk management software, PRISMS®. This software is designed to substantially improve investment risk identification, evaluation and pricing.
EG has delivered strong out-performance to investors on Core Plus Fund No. 1. The fund has divested all assets to date, achieving a net IRR of circa 22%.