EG has successfully secured a project agreement with global long-term investor, GIC, with the initial capacity to buy up to $400 million.
The GIC Mandate will follow on the success of EG’s Yield Plus Infrastructure Fund No. 2 (YPI2) which acquired income producing real estate near new or upgraded transport infrastructure.
EG is analysing current opportunities for the final round of investment for YPI2, originally launched in 2016. This unlisted real estate fund has found great success thus far, securing ten assets, now drawing international investor attention.
“The strategy targets commercial, industrial and retail assets in close proximity to transport and community infrastructure in Sydney and Melbourne,” said Associate Director, Sean Fleming.
Roger Parker, Executive Director for EG, said, “we are pleased to welcome GIC to this next iteration of the investment strategy, focusing on revitalising assets and neighbourhoods which has delivered such success for our investors over the long term. We look forward to a new long-term relationship.”
EG will utilise proprietary risk management software, PRISMS® to identify the opportunities, consider the risk and match the deal to the investor profile. EG’s disciplined, data-driven approach to risk management has enables the safeguarding of investor funds whilst maximising returns.
Founded in 2000, EG is a real estate investment manager and developer actively investing to deliver impact-led outcomes that outperform market returns.