Eureka Property Fund No. 1 is an unlisted wholesale property trust, established on 28 June 2004.
The Fund closed to investor commitments on 2 July 2004 having secured $133 million from wholesale investors.
The investment strategy of the Fund is to achieve a minimum return on equity over its target seven year life of 18% per annum through the development of properties across a range of property sectors and locations in Australia.
The Fund’s period of investment into various property developments concluded in December 2006 with the Fund having committed to the following 15 developments.
|
| Location: |
|
Kellyville Ridge, NSW |
| JV Partner: |
|
Australand Holdings
Limited |
| Project Type: |
|
Residential housing and land development |
| Land Area: |
|
18 hectares |
| Lots: |
|
301 (130 land lots, 170 house and land lots, 1 open space) |
| Stages: |
|
7 |
|
|
|
| Location: |
|
Gladstone, QLD |
| JV Partner: |
|
Buildev Group |
| Project Type: |
|
Residential land development |
| Land Area: |
|
112 hectares |
| Lots: |
|
750 |
| Stages: |
|
12 |
|
|
Location: |
|
Magnetic Island, QLD |
| Project Type: |
|
Resort, apartments
and marina |
| Apartments: |
|
158 |
| Marina Berths: |
|
106 |
| Stages: |
|
3 |
|
|
|
| Location: |
|
Drysdale, VIC |
| JV Partner: |
|
DNA Property Group
Limited |
| Project Type: |
|
Residential land development |
| Land Area: |
|
43 hectares |
| Lots: |
|
498 |
|
|
| Location: |
|
Port Coogee, WA |
| JV Partner: |
|
Australand Holdings
Limited |
| Project Type: |
|
Residential land and apartment development |
| Land Area: |
|
130 hectares |
| Lots: |
|
322 housing lots
plus 64 apartments |
| Stages: |
|
4 |
|
|
|
| Location: |
|
Goulburn, NSW |
| Project Type: |
|
Industrial land development |
| Land Area: |
|
170 hectares |
| Lots: |
|
26 |
| Stages: |
|
3 |
|
|
| Location: |
|
Yatala, QLD |
| JV Partner: |
|
APN Funds Management
and Buildev Group |
| Project Type: |
|
Industrial land development |
| Land Area: |
|
77 hectares |
| Lots: |
|
68 |
| Stages: |
|
4 |
|
|
|
| Location: |
|
Rutherford, NSW |
| JV Partner: |
|
Buildev Group |
| Project Type: |
|
Industrial land development |
| Land Area: |
|
38 hectares |
| Lots: |
|
40 |
| Stages: |
|
4 |
|
|
| Location: |
|
Coolum, QLD |
| JV Partner: |
|
APN Funds Management
and Buildev Group |
| Project Type: |
|
Industrial land development |
| Land Area: |
|
62 hectares |
| Lots: |
|
147 |
| Stages: |
|
8 |
|
|
|
| Location: |
|
Yatala, QLD |
| JV Partner: |
|
Buildev Group |
| Project Type: |
|
Industrial land development |
| Land Area: |
|
30 hectares |
| Lots: |
|
62 |
| Stages: |
|
5 |
|
|
| Location: |
|
Paget, QLD |
| JV Partner: |
|
Buildev Group |
| Project Type: |
|
Industrial land development |
| Land Area: |
|
23 hectares |
| Lots: |
|
54 |
| Stages: |
|
3 |
|
|
|
| Location: |
|
Port Stephens, NSW |
| JV Partner: |
|
Buildev Group |
| Project Type: |
|
Industrial land development |
| Land Area: |
|
10 hectares |
| Lots: |
|
38 |
| Stages: |
|
3 |
|
|
| Location: |
|
Beaudesert, QLD |
| JV Partner: |
|
Buildev Group |
| Project Type: |
|
Industrial land development |
| Land Area: |
|
747 hectares |
|
|
|
| Location: |
|
Mackay, QLD |
| JV Partner: |
|
Buildev Group |
| Project Type: |
|
Residential land
development |
| Land Area: |
|
5 hectares |
| Lots: |
|
52 |
| Stages: |
|
2 |
|
|
| Location: |
|
North Medowie, NSW |
| JV Partner: |
|
Buildev Group |
| Project Type: |
|
Residential land development |
| Land Area: |
|
126 hectares |
| Lots: |
|
>1,000 |
|
|
|
*Lots and number of stages are subject to change
