IN SUMMARY:
MARQ Trustees is providing AFSL services to Lowe Living’s LGH Investment Fund #15 for their South Melbourne development, Emerald Place.
MARQ Trustees is providing AFSL services to boutique developer Lowe Living’s LGH Investment Fund #15, offering investment in Lowe Living’s South Melbourne property development, Emerald Place.
About the development
Emerald Place is a $160 million mixed-use project located at 182-200 Clarendon Street, South Melbourne and comprising of a 2,550 sqm site with retail and commercial space, alongside 36 residential units.
The project is being developed by Lowe Living with Icon Kajima and designed with globally renowned architect, Woods Bagot, and acclaimed landscape architect, Acre.
The investment opportunity
Together with Lowe Capital, Lowe Living is offering the opportunity to participate in Tranche Two of the project, with a target raise of up to $1.386 million and targeted internal rate of return (IRR) of 21%.
MARQ Trustees’ role
MARQ Trustee’s services for LGH Investment Fund #15 includes providing corporate authorised representative (CAR) and authorised intermediary services, the full suite of registry services and tailored financial services training.
Andrew Patrick, Managing Director of MARQ Trustees, commented: “Our team is excited to be supporting the Lowe Living team on this landmark development. We look forward to seeing the success of the project, which meets the demand for luxury commercial and residential property in Melbourne’s city outskirts.”
ABOUT MARQ TRUSTEES
Established in 2014, MARQ Trustees brings together a team with decades of financial services experience in managed funds. Under the authority of our Australian Financial Services License (AFSL), our firm provides services to wholesale managed investment schemes including trustee, custody and other AFSL services; advisory, fund administration and registry services; as well as fund to market and capital raising advice. For more information, contact us via phone: +61 3 9005 9282 or email: [email protected].
