Funds management
As it was no longer just ‘good enough’ to be a builder/developer in the market Pellicano Group wanted to be a part of, the company diversified into funds management. This would ensure its future expansion and competitiveness with listed and unlisted property trusts for property transactions and in securing new clients - both investors and tenants.
It has enabled investors to inject their capital into Pellicano’s unlisted property vehicles, safe in the knowledge there is in-house management expertise and extensive property knowledge.
All staff are always ‘at the coal-face’ and act decisively and promptly whenever required.
By doing this, the balance sheet is freed up to source new opportunities, accommodate new and existing tenant enquiries plus retain ownership and control of many leased properties.
The one-stop-shop setup ensures Pellicano is always in total control of the properties, with vast knowledge across building costs, land prices, market rentals, market movements and new opportunities.
Pellicano’s Funds Management division
holds an Australian Financial Services
Licence (Pellicano Funds Management
Pty Ltd) and manages numerous unlisted
property trusts and other property
vehicles that are both owned by the
Pellicano Group outright, and in a shared
arrangement with a mix of private and
institutional investors.
In Pellicano’s present portfolio there is more than 160 properties, over 270 commercial clients, 410,000m2 of building area on 1,100,000m2 of land and over 2,790,000m2 of vacant land for future development.
Most of the investment properties in these vehicles have been developed by the Pellicano Group. The largest unlisted vehicle to date managed by the Pellicano Group is Pellicano Property Trust 1 (PPT1) which is valued at approximately $145m. It is owned by the Pellicano Group and Industry Superannuation Property Trust (ISPT).
Daryl Browning,
ISPT Pty Ltd