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.
