MPG is an unlisted public company that holds an Australian Financial Services Licence.
In 2013, through the establishment of MPG Asset Management (MPGAM), SPP entered a 50/50 partnership with MPG Funds Management (MPGFM) to expand the business of MPG through the sourcing of suitable structured property opportunities and the procuring of private equity for participation in the ownership of these assets.
The successful partnership between SPP and MPG has seen the MPGFM business quickly expand its property funds under management to in excess of $850m with assets across Australia
The benefit of the MPG relationship ensures that the property opportunities that SPP investors participate in are professionally managed by an award-winning Funds Management Company.
APN Property Group Ltd was a specialist real estate investment management company that actively managed real estate funds on behalf of institutional and retail investors.
Established in 1996, APN was listed on the ASX and managed approximately $2.8billion of real estate and real estate securities.
The APN Funds Management business was taken over by Dexus in 2021.
Dexus is one of Australia’s leading fully integrated real estate groups, managing a high-quality Australian property portfolio valued at $45.3 billion.
Dexus’s strategy is to deliver superior risk adjusted returns for investors from high-quality real estate in Australia’s major cities.
In 2016, SPP partnered with APN Property Group in establishing an unlisted pre-IPO property fund comprising of 23 Puma Energy Service Stations valued at $107million.
In 2017, SPP assisted APN in the establishment of the Convenience Retail REIT, an Australian Real Estate Investment Trust that owned an initial portfolio of 66 Service Station retail assets valued at $308 million. It was listed on the ASX in July 2017 under the code “CRR”.
The REIT, rebranded as Dexus Convenience Retail REIT, now has 112 properties valued at over $800m. SPP has an ongoing role in acquisition and advisory assistance to the REIT and has sourced almost all of the new acquisitions as part of that role.
Eildon Capital Group is an ASX-listed real estate investment and funds management business.
The business has three key areas of focus:
- Non-bank Lending
- Unlisted Property Income Funds
- Value-add and Development Funds
SPP entered into a Joint Venture with Eildon Funds Management Limited (EFM) in 2020 to establish and jointly own Eildon Asset Management (EAM).
EAM has established 3 Unlisted Property Income Funds totalling $130m and has a further pipeline of $90m of opportunities
to be rolled out.