The Perth Rail Link Property Trust (PRL) focused on property rezoning opportunities arising from the Western Australian Government’s $1.66 billion Metro Rail project, identifying the centrepiece construction of a new rail line linking Perth to Mandurah as a prime opportunity for growth.
Asset selection is supported by the use of EG’s proprietary real estate risk management software, PRISMS®. This property technology software is designed to substantially improve investment risk identification, evaluation and pricing.
PRL was launched in 2004. A total of 18 assets were acquired, 17 of which have since been successfully divested.