News and Announcements
Property fund manager completes Fund, delivers 5 pre-sold luxury townhomes in Hawthorn, Victoria
- Published November 25, 2022 1:22AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
HS Consortium (HSC) is a property fund manager with Mortgage & Development Funds and SIV offerings, through which Australian and international investors will have the opportunity to participate in quality assets.
We are pleased to announce the successful completion of the HSC Melfort Development Fund that delivered 5 luxury townhomes in Hawthorn, Vic. The Fund, established in 2020, provided investors with an opportunity to invest in the development by the way of preferred equity which ranked behind the bank and before developer returns. All townhomes were sold prior to the completion of construction and even with the challenges of construction during Covid, investors received their anticipated returns. The development team managed by HSC included Pulitano Constructions, Conrad Architects, and Jack Merlo Landscape Architects. The development provided 4 contemporary townhomes and a further townhome built within part of the existing heritage house, selling for between $2.5 and $3M.
The completion of the Melfort Development Fund followed the success of The Kent Development Fund which provided investors with a 15.1% p.a. return.
If you would like information on other HSC investment opportunities, particularly the Mortgage Funds we currently have on offer, please do not hesitate to contact us.