Investa Commercial Property Fund ('ICPF')

Open ended $4 billion office fund focussed solely on owning and managing prime grade office assets in core Australian CBD markets (Sydney, Melbourne, Brisbane and Perth).

Investment Details

  • Open ended wholesale CBD office property fund
  • Diversified portfolio comprising 600,000m² NLA across 15 modern  core properties
  • 5.7 year Weighted Average Lease Expiry
  • 4.6 NABERS Energy Rating
  • Gearing target of 15 to 25%
  • Initial equity investment of $40 million with follow on investments of $95 million

Investment Returns

  • Long term forecast 9% IRR
  • 12% IRR since inception (May 2014)
  • Distributions >5% p.a.

Relationship Benefits

  • Long relationship with the Investa team enabled us to ‘reserve’ the last remaining allocation of new units
  • The well-known capacity of JGS and its client to review, qualify and complete fund investments was a key determinant in the manager allocating units
  • Acted as minority unitholder representative on Unitholder Investment Advisory Committee

Key JGS Property Disciplines

  • Property Advisory
  • Property Investment
  • Market knowledge aided comprehensive, rapid due diligence
  • Multiple resources deployed for asset, governance, manager and documentation reviews to be completed in unison