Vertu Private Estate, Forrestdale, Perth
Stockland Residential Estates Equity Fund ("SREEF") offers investors exposure to a geographically diversified portfolio of residential land subdivision projects in high growth corridors across Australia.
SREEF1 raised $75 million from wholesale investors and is anticipated to run for an eight year period.
SREEF1 will invest alongside Stockland in the development of residential subdivison projects.
The Fund's initial seed investment is the acquisition of 50% of the development rights in the Vertu Private Estate, Forrestdale, WA. The project is a 53.82 hectare property located approximately 17km south east of Perth.
| Location: | Vertu Private Estate, Wrights Road, Forrestdale WA |
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| Acquisition Date: | August 2006 |
Stockland Capital Partners Limited (ABN 86 078 081 722, AFS Licence No 241188) is the Responsible Entity of Stockland Direct Office Trust No.1 (ARSN 110 688 009), Stockland Direct Office Trust No.2 (ARSN 115 017 466), Stockland Direct Office Trust No.3 (ARSN 124 439 925) stapled to Stockland Holding Trust No.2 (ARSN 132 129 134), and Stockland Direct Retail Trust No.1 (ARSN 121 832 086) and the Fund Manager of Stockland Residential Estates Equity Fund No.1.