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 strategy of the Fund is to generate investor value from on and off-market opportunities, investing in a wide range of property development and counter cyclical investment opportunities. The Fund has invested in a broad range of property development opportunities across a number of property sectors in Australia. 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.