EG Delivers Outstanding Returns on Uniquely Identified Investment Opportunity

EG has successfully delivered a return of 70% per annum (pre-fees) with the sale of 2400 E Cesar Chavez in Austin, Texas.

The site features a boutique series of creative offices and amenity leased to major tenants including Blue Owl Brewing, Juniper Italian Restaurant and Atmosphere Co-Working space. The property is centrally located in Austin with convenient access to downtown hubs and major transport networks. Originally built in 1968, EG has invested significantly in repositioning the asset using a value-add strategy. The buyer was a US-based investment fund.

EG identified Austin as a unique investment opportunity in 2013. In the six years that has followed, EG USA continued to offer US and Australian clients a tailored approach to investing in real estate in the United States.

“We are thrilled to see that our macro-view strategy and forecast growth in east-Austin has successfully outperformed the market for our investors,” said Divisional Director of EG Ventures, Rodney Walt.

Now with the Australian dollar trading at sub 70 US cents, EG has exited a number of its US investments and is redeploying its investors locally in Australia. EG is continuing to build in good growth strategies with the recent launch of a bespoke opportunity for wholesale investors in November 2019. The Belrose Investment Trust will provide initial distributions in excess of 7.25% with the potential for capital growth in the coming years.

EG is a disciplined, data-driven investment manager and developer with over AU $3.2 billion in assets under management. EG consistently outperforms the index, keeping Australian superfunds and institutional investors ahead in both rising and falling markets. Three disciplines support our success, investment, development and urban planning with offices in Australia, the US and the Philippines.