With the sale of Portside Business Park in December 2016, Tipalea Partners has concluded its Second Generation of investment funds, delivering significant investment outperformance.
Tipalea’s Second Generation of funds delivered a combined 1.9x Equity Multiple and a net 21 % p.a. IRR to its investor partners. These five discrete funds developed projects across New South Wales, Queensland and Tasmania between 2010 and 2016 with an end value of $133 million.
As a retail specialist, Tipalea’s funds have developed shopping centres including Pimpama Junction, Marian Town Centre, Muswellbrook Fair, One St John Launceston as well as a light industrial estate at Port Botany.
Tipalea is delighted to have been able to deliver such strong results and is enthusiastic about launching the Third Generation of investment funds in 2017.