Invest
New property fund launched for investors
Prime Financial Group has launched a commercial property fund, Protus Prime, with investors such as SMSF trustees in mind.
New property fund launched for investors
Speaking to Nest Egg’s sister publication SMSF Adviser, Protus Prime managing director Paul Toussaint said the fund offers “the perfect investment” for SMSFs as it is a fixed term of seven years.
“That doesn’t create any liquidity issues for SMSF investors and provides them with a return which is significantly stronger than cash, with only a marginal increase in risk,” he said.
Mr Toussaint teamed up with Prime Financial Group – a listed wealth manager with $1 billion funds under management – to offer Prime’s clients direct property investment opportunities, he said.
“We targeted this particular fund because we believe industrial real estate has got a fairly conservative risk profile relative to the other sectors.
“It has been performing strongly and we believe the fundamentals are sound.”
Founded by former ING Industrial Fund boss Mr Toussaint and Prime Financial Group, Protus Prime Industrial Fund is looking to raise a minimum $15 million as part of a total equity raise of $70 million, according to the fund’s March 5 product disclosure statement (PDS).
The PDS states that the $70 million will be used to acquire a $100 million diversified portfolio of investment grade industrial properties.
Mr Toussaint said the fund is a relatively low risk investment.
“We have launched an industrial property fund which is targeted at clients who are looking for a property exposure with a strong risk-adjusted return,” Mr Toussaint said.
“This is a relatively low-risk property investment where we will be investing in established industrial locations in the eastern seaboard states and targeting markets that have excellent access to infrastructure, particularly roads and ports,” he said.

Property
Property prices boosted by housing policies: RBA
The central bank has outlined the “pervasive” impact that policy has on property. ...Read more

Property
Labor’s ‘Help to Buy’ scheme not without its risks
With Anthony Albanese sworn in as Australia’s 31st PM, home buyers are excited at the prospect of accessing the new ‘Help to Buy’ scheme, but a property expert has warned that the risks may be g...Read more

Property
Australia's housing market is entering a ‘broad-based correction phase’
Westpac believes the housing market downturn is now underway. ...Read more

Property
ANZ now expects house prices will end the year lower
With higher interest rates on the horizon, the bank is forecasting larger house price declines than previously expected. ...Read more

Property
Which capital cities are most attractive to property investors?
A new survey has suggested that investor attention is shifting away from Australia’s two largest capital cities. ...Read more

Property
Market uncertainty fails to discourage foreign property investors
While interest from foreign investors in Australian property has remained strong, HLB Mann Judd warned that tax increases could see demand shift to other markets. ...Read more

Property
Regional renters forced to spend more of their income than ever before
Renters in regional areas are spending nearly as much on rent as home owners are spending on mortgage repayments. ...Read more

Property
Aussie home buyers now need to save for over 11 years for a deposit
Since early 2020, the time needed to save for a deposit has increased by more than two years. ...Read more

Wrapping up an eventful 2021
Listen now

What Omicron means for property, and are units right for first-time buyers? What is equity crowdfunding? Are industry super funds tapping into member funds to save their skins?
Listen now

Will housing affordability improve in 2022? Will buy now, pay later become the norm? Why are Aussies staying in failing super products?
Listen now

Who really benefits from crypto ETFs? How will the RBA respond to rising inflation? Could a mandate help address unpaid super?
Listen now

Property
Property prices boosted by housing policies: RBA
The central bank has outlined the “pervasive” impact that policy has on property. ...Read more

Property
Labor’s ‘Help to Buy’ scheme not without its risks
With Anthony Albanese sworn in as Australia’s 31st PM, home buyers are excited at the prospect of accessing the new ‘Help to Buy’ scheme, but a property expert has warned that the risks may be g...Read more

Property
Australia's housing market is entering a ‘broad-based correction phase’
Westpac believes the housing market downturn is now underway. ...Read more

Property
ANZ now expects house prices will end the year lower
With higher interest rates on the horizon, the bank is forecasting larger house price declines than previously expected. ...Read more

Property
Which capital cities are most attractive to property investors?
A new survey has suggested that investor attention is shifting away from Australia’s two largest capital cities. ...Read more

Property
Market uncertainty fails to discourage foreign property investors
While interest from foreign investors in Australian property has remained strong, HLB Mann Judd warned that tax increases could see demand shift to other markets. ...Read more

Property
Regional renters forced to spend more of their income than ever before
Renters in regional areas are spending nearly as much on rent as home owners are spending on mortgage repayments. ...Read more

Property
Aussie home buyers now need to save for over 11 years for a deposit
Since early 2020, the time needed to save for a deposit has increased by more than two years. ...Read more