Trading

Fort Street Real Estate Capital

Are you seeking long term stable returns

INDUSTRY

Financial

STATUS

Closed

OPEN TO

Public

Investment Highlights


Commercial Property

Experienced Investment Team

Asset Manager

Diversified

Company Overview


Established in 2013, Fort Street Real Estate Capital (FSREC) is a leading specialist real estate investment and asset management company and the investment manager and property manager.

Investment Strategy – The FSREC Property Fund provides investors with exposure to a portfolio of Australian commercial property assets, with a diversified income profile to minimise exposure to risks.

The investment strategy to own and acquire convenience-based retail centres with a strong non-discretionary bias, in addition to office buildings in CBDs, fringe CBDs or major suburban centres.

FSREC currently owns 13 commercial property sites with a combined value of over A$795M.

Performance – The Group’s net asset value (NAV) at 31 December 2020 was $1.61 per which includes the cash for the December 2020 distribution payment.

Excluding the December 2020 distribution, the underlying NAV is $1.60 and represents an increase of 2.5% on the 30 June 2020 proforma NAV stated in the explanatory memorandum. All the assets in the portfolio were independently valued at 31 December 2020, resulting in an increase of 1.2% over the half-year.

The total value of investment properties increased by $9.7 million to $795.8M during this period, with the weighted average capitalisation rate reducing by 4bps to 6.06%.

Team


  • Management

  • Directors

Alex Maclachlan

Chief Executive Officer

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