News and Announcements
Newground Property Group Annual Update 2015; Raises $4M in Capital Investment & Secures Over $85m in Sales
- Published December 16, 2015 12:29PM UTC
- Publisher Wholesale Investor
- Categories Company Updates
Taking advantage of the bouyant property market in 2015, Newground raised $4 million in capital from investors in Brisbane, Sydney, & Singapore.
Noteworthy Highlights:
- Deal flow continues to be strong with several new project opportunities currently under DD worth $80m
- Key appointment of Jon Quayle former GM of Investment Sales at Metro Property Development who personally oversaw 1,200 sales last year
- 80% construction completion of ‘Lush Apartments’ project in Lutwyche Brisbane
- Establishment of Newground Capital Partners and application submitted to ASIC for AFSL
- Appeared for the 2nd time in BRW’s Fast Starters list
2016 will see the launch of a number of new projects in locations such as Brisbane CBD, Gold Coast and Woolloongabba. The estimated combined value of these projects is in excess of $120 million.
ABOUT NEWGROUND PROPERTY GROUP
Newground Property is a boutique residential development advisory firm whose capabilities include securing pre-sales, site origination and capital solutions. Founded in 2009, the team have over 45 years combined industry experience and amassed an impressive track record of achieving profitable outcomes for their developer and investor clients.
Due to the growing Brisbane market, Newground’s advisory capability has evolved to include the raising, placement and management of private capital into boutique residential projects located in premium inner city locations. In 2013 NewgroundProperty was awarded a place in the Business Review Weekly’s Fast 100.
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