2 New Project Investments
Global Capital Property Fund has finalised the terms of investment into 1 new project & 1 current project.
NDIS Preston
Global Capital Property Fund has agreed to invest in the Preston development, GCPF’s first NDIS project. The agreement is to invest up to $2,500,000 into building NDIS facilities in Victoria.
Mt Atkinson
This month Global Capital Property Fund completed its obligations under the investment agreement for the Mt Atkinson project and contributed $4,800,000 to assist with the settlement of the land. We now have $7,500,000 invested in the project which is expecting to start sales and construction early next year. The land was valued prior to settlement over 10% higher than the purchase price contracted at the beginning of 2021.
