Eureka Development Fund No.2 is an unlisted property trust, established in March 2007.

The Fund is closed for new investors having secured equity commitments of $159.5 million* from institutional investors. The Fund’s investment period ended in February 2009.

The Fund currently comprises six development projects in the residential and industrial sectors across NSW, QLD, VIC and WA. The investment strategy is based on the single use of equity, meaning that funds will be returned to investors upon liquidation of the projects, rather than reinvesting into new projects.

* This includes a co-investment of $2m by Eureka Funds Management Investments Pty Ltd.