Specialist commercial investor Whitmore Property launches $150m large format retail fund

Kain Lawyers are pleased to announce their legal advisory role in the launch of the Whitmore Property Large Format Retail Fund, a new investment opportunity designed to capitalise on the growing demand for commercial retail spaces. The Fund will invest in high-quality large-format retail properties across Australia.

Kain Lawyers Director, Brendan Ivers, said Whitmore Property Group is an investor-focused property company with an impeccable record in the industry.

“Kain Lawyers worked with Whitmore Property on all aspects of the Fund structuring and establishment of the Fund, including preparing the Fund’s establishment documents, Information Memorandum and management agreements. We also worked closely with Whitmore Property Group to structure the Fund’s liquidity mechanism, so that it was tailored to meet Whitmore’s requirements of providing investors in the Fund with certainty around liquidity.”

“We are proud to have assisted Whitmore Property Group in establishing this new Fund and look forward to providing further advice on the Fund as it grows and makes future acquisitions,” Mr Ivers said.

Whitmore Property is a specialist commercial property investor with a proven track record of delivering above-average returns.

Investors can expect an initial distribution of 6.25% and an average seven-year distribution of 7.5%. The Fund targets an internal rate of return (IRR) of approximately 12.8%, with tax-deferred distribution components providing additional benefits.