Sydney manager takes land banking retail
Sydney-based manager, KSI Investments has launched what it is claiming is an Australian first vehicle giving retail investors access to land banking investment.
The company announced this week it had acquired land near the site of Sydney’s proposed second airport at Badgery’s Creek and would be looking to have it rezoned and developed into housing blocks.
Commenting on the investment product, KSI Investment chief executive, Robin Luo said that investing in land banking, that is, acquiring land, rezoning and subdividing had been traditionally limited to wealthy investors and property developers.
However, he claimed KSI Investments was opening up the sector to retail investors via “this Australian first, with a minimum of $2,000 investment under a retail managed fund structure”.
The company claimed that, unlike many property syndicates which were wholesale in nature and had lesser supervisory requirements, the KSI Sydney Landbanking fund was a retail managed fund overseen by ASIC.
The company said that KSI Investments had engaged Perpetual Australia Limited as custodian for the fund, named the Sydney Landbanking KSI Investment Fund.
Recommended for you
Momentum Media’s wealth publishing network is pleased to announce the launch of the annual Australian Wealth Management Summit 2025.
Trustee and fund administration platform MSC Group has promoted Shelley Brown as its chief operations officer, having successfully completed the integration of the Certane Corporate Trust business.
Australian Unity’s group managing director and chief executive has announced his plans to retire at the end of the year after two decades leading the company.
TAL has appointed a senior manager for investment strategy and portfolio management who joins from a lead role at AIA.
