News and Announcements
EG Private Wealth sold a $26M industrial site, secured strong return for investors in excess of 27% p.a.
- Published September 08, 2022 12:00AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
EG has sold an industrial site at 22 Narabang Way, Belrose for $26 million, realising returns for our Private Wealth investors in excess of 27% p.a. over a 2.5-year hold period.
Acquired in January 2020 for $18.09 million, the modern, multi-let industrial facility is located in the tightly held and land-constrained Sydney Northern Beaches industrial market. It marks the first divestment of an EG Private Wealth syndicate, which has assembled a portfolio of nearly $200 million since launching in 2020.
“Securing this strong return for our investors is an example of what’s possible when data-driven investing strategies meet comprehensive market risk assessment. The high demand for industrial assets and the ability of EG’s team to execute our asset strategy by enhancing rents and improving the average lease expiry encouraged us to bring the property to market earlier than expected, exchanging in May 2022,” said EG’s Head of Private Wealth, Rodney Walt.
The property sits on a substantial 15,800sqm landholding and is located 23.5km north of the Sydney CBD. The anchor tenant, Fantastic Furniture, signed a lease in March 2020 and moved in 1 day after the property became vacant, highlighting EG’s leasing insights and deep understanding of the market.
The deal was brokered on-market by Gavin Bishop and Sean Thomson from Colliers International and Vincent West and Oliver Rosati from Upstate Commercial.
EG grows the wealth of its private investors through commercial property syndication opportunities. With capital security and stable income cashflows, EG takes a personalised and aligned approach to every opportunity.
Founded in 2000, EG has $5.1 billion under management on behalf of super funds and private wealth clients to generate outstanding returns with lasting social impact. With $3.9 billion in the development pipeline, and 16.7% per annum in realised IRR for institutional funds, EG is committed to finding a better path to better returns.
Company Updates
Capital Flight or Policy Oversight? The $180M Seismic Shift Threatening Australian Innovation
A formal Senate submission by Wholesale Investor / CapitalHQ details the alarming real-world reactions of 260 founders and investors to proposed federal tax changes. With 91% of sophisticated investors scaling back local allocations and over $180M already paused or redirected offshore, the report warns of a structural funding crisis threatening the future of Australian deep tech, private equity, and startup innovation.
The Yield Illusion: Inside RAM’s Strategy to Withstand the Credit Shakeout
As interest rates reprice in 2026, the rush into private credit has created a dangerous trap for yield-hungry investors. Real Asset Management Group CEO Scott Kelly exposes the “yield illusion” dominating the market and explains why an origination-led, low-arrears mortgage strategy is the ultimate defense against an impending credit shakeout.
Office sector ‘unloved’ no more: Acure’s $80m Brisbane bet
While institutional investors remain wary of the office sector, Acure Asset Management is doubling down. Founder Angelo Del Borrello explains the “unloved” asset strategy behind his latest $80 million Brisbane acquisition and why the 2032 Olympics are creating a unique arbitrage opportunity for private syndicates.
Backed By Leading Investment Groups and Family Offices
