Managed Funds
The Group’s funds management business was established in August 2019 with the acquisition of Eighth Gate Capital Management, an established funds management business. The Group currently manages five funds, with assets under management of $81.1 million.
Ingenia’s co-investment in each of the funds provides access to the property returns from the individual assets and the Group also derives fees for management services (including development and asset management).
The assets, which comprise over 55s communities and holiday parks, are located in established clusters and utilise the Group’s established platform and brand.