Just ten years ago, European investors still considered Australia an exotic destination for their money. Yet the country, with its enormous wealth of mineral resources, has always had a much to offer. The demographic conditions are excellent, with a young and steadily growing population compared to Europe. The economy is dominated by the services sector, accounting for 60 to 65%, and the property market is characterized by high levels of transparency and liquidity. Melbourne is the country’s second most important metropolis after Sydney and is considered one of the world’s most livable cities. Numerous international companies have their headquarters here, creating a correspondingly strong demand for first-rate commercial real estate.
Australia Fund 1 was launched in 2006 for the property known as KPMG House in the heart of Melbourne. The property was sold at a profit in 2016. Australia Fund 2 brought together two attractive pieces of real estate in the docklands area, part of the biggest urban development project on the Australian continent.