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Highly reputed property acquisition specialist, Mr James Collis, has joined M/Group as director of its income funds business with a sole focus on increasing the company’s income asset capacity.
Mr Collis will target the acquisition of strategic high quality properties, in all markets including retail, commercial and industrial, with strong revenue streams and blue chip tenants. His work will boost M/Group’s existing investment portfolio of property development and land funds and broaden the company’s investment base across an extended range of product.
Mr Collis believes the company’s latest investment focus will create a niche proposition in the Western Australian investment market.
“There are some really good quality properties on the market at the moment and, at the same time, people are looking to invest in secure, income producing assets,” he said.
“M/Group is targeting assets Australia-wide with a value proposition of around $10million to $30million. These tenanted assets provide investment opportunities for small to moderate-level investors, providing access to a low-risk investment class usually reserved for large-scale transactions.”
M/Group intend to utilise its retail funds management license to allow these new opportunities to be available to a broader market who may not traditionally have access to this investment class. The company’s asset funds will target annual returns of circa 8% with a minimum investment requirement from $10,000.
M/Group initially entered the asset funds market in 2013 with the acquisition of the strategically located Officeworks building in Bunbury. The asset incorporated a blue-chip tenant, long lease and high forecast returns. The fund was fully subscribed within just weeks of its release
The appointment of Mr Collis follows a succession of oversubscribed investment funds managed by the company, including development product in Leederville, Como and Fremantle.
M/Group Managing Director, Mr Lloyd Clark, said Mr Collis’ credentials are strongly aligned to the company’s success in identifying and procuring strategic investment opportunities. He said his appointment supports the company’s continual growth through the introduction of new and highly sought after product.
“Over the last twelve months, M/Group has identified strategic opportunities to support business growth through diversity of opportunities. Last year we introduced a land development division led by John Wroth, and our property management and construction companies continue to build momentum,” Mr Clark said.
“James’ background and experience represents an excellent fit for M/Group’s development as a vertically integrated business. We are extremely pleased to welcome James onto the team.”
Under the direction of Mr Collis, M/Group is currently negotiating the acquisition of some $60million worth of income producing assets with the release of new funds anticipated for later in the year.
For more information on income investment funds please contact James Collis on (08) 9324 3855 or James.Collis@MGroup.com.au