Monark Property Partners' launch $50 million investment fund

Monark Property Partners' launch $50 million investment fund
Staff ReporterDecember 7, 2020

Monark Property Partners, a financial consultancy based in Victoria, has launched its fourth debt investment fund of $50 million to meet the demand for private capital from developers in the middle property market.

This current additional capital raising will push Monark’s total funds under management to over $250 million.

“Our investors continue to invest in Monark as we are able to deploy capital in a responsible and diligent manner earning attractive returns relative to other fixed income investments such as bonds and term deposits. Our mortgage funds offer strong risk-adjusted returns with low volatility, and with risk mitigation being absolutely paramount."

Monark has built an impressive track record of delivering targeted returns to investors with no capital losses,” said CEO, Michael Kark (pictured above).

Melbourne is projected to require up to 48,000 new dwellings per annum to meet population forecasts. Given that the Victorian Government strategic plan is for 70% of new dwellings to be provided in established suburbs, this presents strong opportunity for further apartment development within the inner and middle ring suburbs.

The top 10 suburbs for current apartment projects in the inner and middle ring suburbs are:

1. Glen Iris, 13 projects

2. Footscray, 9 projects

3. St Kilda, 7 projects

4. Collingwood, 6 projects

5. Brunswick, 6 projects

6. Malvern East, 5 projects

7. Hawthorn, 5 projects

8. Fitzroy, 5 projects

9. Richmond, 4 projects

10. Prahran, 4 projects

 “The middle ring market continues to be highly desirable as people want to live in middle and inner ring suburbs close to jobs and lifestyle amenity. Residential and commercial boutique developments in these middle ring sectors will continue to grow in appeal for both owner occupiers and investors as there will always be appetite for quality product in these locations,” added Co-founder Adam Slade-Jacobson.

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