About VOF12

VOF12 is the latest in our series of funds offering retail investors the opportunity to participate in property development and repositioning style returns.  VOF12 offers investors an interest in a diversified portfolio of retail, industrial and residential real estate projects with development and repositioning opportunities across New South Wales, Queensland and Victoria.  The target IRR for the fund is 17% on a pre-tax, post-fees basis.     

Project Portfolio     

• Harvey Norman Centre, Toowoomba, Queensland – a bulky goods shopping centre being refurbished and repositioned to capture positive rent reversion following the recent departure of a major tenant.  This project was sold to Harvey Norman in January 2009 for $25.3m     
• Industroplex, Mackay, Queensland – a secured contractual interest in the development of 60 hectares of “heavy industrial” land being subdivided into 79 lots and sold over five stages, with frontage to the Bruce Highway     
• Pine River, Griffin, Queensland – an economic interest in the repositioning of two adjacent parcels of land comprising 41 hectares in total for which a development approval is being sought for a master planned residential estate     
• Yarra River, Alphington, Victoria – an economic interest in the repositioning of a one hectare site overlooking the Yarra River and adjacent parkland for which development approval will be sought for a medium density residential development    
• Clydesdale Place, Pymble, New South Wales – a secured contractual interest in a residential development involving the construction of 34 high quality apartments spread over five levels.     

More information     

For more information please contact Rochelle Ward at rochelle.ward@valad.com.au or on +612 8257 6629.