Who we are
The AusFunds team mission is to create innovative investment products related to Australian residential and commercial real estate, for the benefit of property investors seeking to diversify and optimise their investment portfolio returns.
The AusFunds team has skills in identifying, evaluating, acquiring, developing and managing successful property investments over a broad range of property sectors including residential, offices, retail, hotels and industrial.
The combined track record of the AusFunds team, its depth of industry knowledge and ability to create a range of risk averse and attractive property investment solutions, provides prospective investors with straightforward pathways to confidently take advantage of and benefit from the innovative investment managed products developed.
Strong in the Australian property market:
In addition to AusFunds’ funds management experience, the AusFunds team has specific experience in a wide range of real estate development and investment activities in Australia, Asia, USA and Europe, including:
Funds Management
Of innovative structured property and mortgage trusts, both listed and unlisted, appealing to wholesale and retail investors.
Investment Banking and Corporate Finance
At major Australian and international investment banks.
Property Management
Of residential, commercial and self storage facilities.
Finance - Project and Investment Funding
Of substantial property developments and origination and management of residential mortgages.
Property Development
In all forms from master planned integrated residential communities to medium and high rise apartments, to retail, industrial commercial and hotel buildings.
Real Estate Investment
In commercial office buildings, business parks, including multi-level self storage facilities.
Our Expert Team
The Board of Directors of AusFunds (PHOTOS) possesses a broad range of skills qualifications and experience, including finance, strategic planning, risk mitigation, policy development, accounting, property investment and development, sales and marketing, and contract management. This well-balanced and experienced team, weighs its responsibilities to investors in the area of corporate governance, while understanding and taking advantage of market opportunities.
KK Lim
Non-Executive Chairman
KK Lim is a successful businessman with extensive international experience in senior management roles in the banking and real estate management industry across Australia, Asia and Europe with Australia’s leading corporations including ABN-AMRO, National Westminister Bank and Macquarie Bank, as Managing Director Asia, Banking and Property Group.
KK pioneered Macquarie’s entry into China in 1993 and successfully initiated and launched the first foreign-managed fund investing directly in Chinese residential real estate. Based in Shanghai, he managed the property development and management teams and was a joint venture board member with municipal government and China Construction Bank representatives.
Tony Dixon
Non-Executive Director
Tony Dixon has almost 25 years’ experience in real estate, in senior roles across the entire range of disciplines in the Real Estate Investment Industry. Tony is a graduate of New York University, starting his career with major Australian real estate groups, including Leighton Holdings and the Mirvac Group. Later, he became the Portfolio Manager of Investa Property Trust and was heavily involved in the successful takeover of the Principal Office Fund.
Tony’s real estate experience ranges from asset management, development management, corporate finance, investment management, capital transactions and funds management. He has been Fund Manager of the listed REIT of DB RREEF Funds Management (now DEXUS) and head of international transactions. Also, he has held senior roles in investment banking and corporate finance at Macquarie Bank and JB Were Goldman Sachs, specialising in advising REITs invested in diverse markets such as the USA, Australia and Japan.
Edgar Hung
Executive Director and Chief Executive Officer
Edgar Hung has over 25 years’ experience in the property development and investment industry. He is currently the Chief Executive Officer of Austcorp Property Group, which he co-founded in 1992. Austcorp is an integrated property company.
Edgar has also been the Managing Director of Austcorp Funds Management Limited (AFSL 286253) since 2008. Having senior management roles in Austcorp, Edgar is jointly responsible for the formulation and execution of the company’s business strategy which has led to the diversification of Austcorp across geographic markets (NSW, QLD, VIC and NT), market segments (master planned communities, residential apartments, commercial and industrial developments), and business streams (property development, property trusts and funds management).
Edgar is also one of the three Responsible Managers of AusFunds.
Ted Tzovaras
Executive Director
Ted Tzovaras is the founder and Executive Chairman of Tzovaras Legal Corporation, an Australian-owned law firm providing legal and commercial advisory and representation services globally, including in Australasia, Asia, China, India, the Middle-East and Europe.
Since founding Tzovaras & Company in 1981, he has acted as an adviser in several major commercial transactions. He has negotiated and advised on numerous other commercial transactions including, acquisitions, divestments, joint ventures, fund raising and corporate restructuring. A number of these involved negotiating and documenting international trade transactions and joint ventures in the mineral resources sector in Australia, Indonesia, China, Thailand and Laos. He has led successful IPOs and capital raisings for several public companies.
He has also practised extensively and has represented clients in litigious, domestic and international arbitration, and other alternative dispute resolution processes, in Australia and abroad, including in Hong Kong, Singapore, Indonesia, Thailand, Laos and Abu Dhabi. In Australia, he has acted both as an instructing solicitor and appeared as an advocate in commercial litigation before both inferior and superior courts, including the Supreme Courts of New South Wales, Western Australia and Victoria, and in the Federal Court of Australia and the High Court of Australia.
Andrew Chappell
Non-Executive Director
Andrew Chappell is a Project Director at Lend Lease Corporation Limited in relation to property development on Environment, Health, Safety & Security; Assets and Information Management; Business Integrity and Government; Community, Media and Unitholder Relations.
Andrew is a property specialist with over 18 years of experience in property having worked in real property investment and development since June 1999 when he commenced his role as Assistant Development Manager at Austcorp Property Group. While at Austcorp, he participated in producing the disclosure documents for the managed property funds and was undergoing training and supervision to become a member of a team of fund management professionals who will deliver the financial services in the managed funds area.
Andrew is also one of the three Responsible Managers of AusFunds.
Ivan Wong
Responsible Manager
Ivan Wong is the Responsible Manager, Chief Operating Officer and Compliance Officer of AusFunds. He has a strong IT background with over 25 years experience in running various businesses in Australia, as Executive Director of the Great Pacific Financial Group, which he co-founded in 1992.
Ivan has depth of experience across the business operations and ventures of the Great Pacific Financial Group, which previously extended to transportation, financial, IT, property information, property development, hotel investment and management services. Currently, the Group is focused on mortgage and finance, loan management and property management.
Ivan is a Non-Executive Director of an ASX listed company in the Australian copper mining industry, an Australian Credit licensee and a Real Estate agent licensee.
Current Offer
Current Offer is to wholesale investors for a minimum investments of $500,000 in Units of the First on First Unit Trust. The Offer includes an opportunity to acquire a selected apartment at a substantial discount to the current market price, on completion of the residential apartment development at 2 - 6 First Avenue, Blacktown NSW (the “Blacktown Project”).
The Offer, which is open until 22 September 2017, is a unique and innovative product designed to add value and diversity to an investor’s overall investment portfolio.
Offer Details
The Units will be issued on a segregated class basis. Unitholders are entitled to redeem their Units on completion of the Blacktown Project, by either:
- Electing to have the property selected in their application, transferred to them or their nominee, or alternatively;
- Being paid the net proceeds of the sale of the property.
The Blacktown Project has received development approval by Council. It is located less than 400 metres of Blacktown railway station, bus interchange and CBD.
The 18 storey residential apartment building comprises 160 apartments over 16 levels of 111 two bedroom and 49 one bedroom. Retail shops, commercial offices and a private gym are at the ground and first levels, plus 191 basement carparks.
First on First is designed as a state of the art, affordable and economic apartment building with plenty of natural light, quality finishes and connectivity to the living areas. Strategically located adjacent to the modern Centrelink/Medicare office building, it is part of the current growth cycle of apartment developments in the Blacktown area.
Level 1, 59 Buckingham Street, Surry Hills, Sydney NSW 2010
+61 (02) 8318 8300
info@ausfunds.com.au
www.ausfunds.com.au
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