EG Funds is pleased to announce the sale of two industrial properties from the Australian Core Enhanced (ACE)  Fund —5 Williamson Road, Ingleburn, and 81-87 Beauchamp Road, Matraville — for a combined total of $101.1 million, realising a combined 41% uplift in  value since acquisition in 2020 and 2021 respectively.

These results  demonstrate EG’s disciplined asset management strategy and ability to  unlock significant value for investors. 

The properties were strategically acquired to capitalise on their untapped  potential. At Ingleburn, EG recognised an under-rented asset with multiple  buildings, offering flexibility for future occupation and the opportunity to  curate a diversified tenant mix.

This approach positioned the property for  rental growth and long-term resilience in the highly sought-after South West  Sydney industrial market. 

Similarly, the Matraville asset was underpinned by a high percentage of  underlying land value and significant rental reversion potential. Located in the  tightly held South Sydney industrial precinct, the property’s versatility  allowed for leasing as a single offering or to multiple tenants, creating a  stable and diverse income stream. 

The sales reflect strong buyer interest. These results reinforce the demand for  high-quality industrial assets in strategic locations. 

EG partnered with leading agents from Colliers Gavin Bishop, Sean Thomson, Michael Crombie, Trent Gallagher, and Angus Urquhart and JLL  Ben Hegerty, Joel Scully, and Jack Kelliher to successfully market the  properties and achieve outstanding outcomes.

“These transactions highlight the strength of our strategy to acquire under rented assets with clear pathways for value creation,” said Samual Robbie,  Fund Manager of the ACE Fund. “Both properties exemplify how our active  management approach delivers exceptional results for our investors.” 

Sean Fleming, Head of Capital Transactions at EG, added: “By identifying  underperforming assets and leveraging their potential, we’ve demonstrated the success of our disciplined investment strategy. These sales are a  testament to our ability to generate strong returns in a competitive market.” 

EG remains committed to creating sustainable value for investors through  innovative strategies and a disciplined approach to asset management. 

About ACE

 The ACE Fund, is an open-ended, diversified, long-hold fund. Following the  divestments, the ACE portfolio comprises 11 well-located, high-quality assets  with a total value of ~$1.0 billion. 

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