Proprium expands presence in Australia with Anton tie-up

Proprium Capital Partners has broadened its presence in Australia by teaming up with local fund manager Anton Capital.

The move gives US-headquartered Proprium Capital, which was spun out of Morgan Stanley in 2013, a platform with which to tap the Australian institutional investor market.

Anton Capital, founded by Anthony Kingsley and Tony Martin, has been involved in real estate transactions valued at AUD1.3bn (€946m) over the past four years.

Proprium Capital is the latest foreign company to link with an Australian fund manager. Last year, AXA Investment Managers acquired Sydney-based Eureka Funds Management, which has AUD5bn in funds under management.

Proprium Capital is also taking a 25% stake in a Grade-A suburban office building in Sydney for AUD76m (€55m).

The company first entered the Australian market in 2015 when it bought Investa Land – part of the Investa Group, then owned by Morgan Stanley – for AUD340m. Investa Land was renamed Avid Property Group last year.

Avid has a pipeline of around AUD3bn and including more than 8,500 residential lots in both greenfield and infill locations, and more than 640 hectares of industrial land.

Avid chief executive, Cameron Holt, flagged his intention to triple the value of the business to more than AUD1bn over the five years.

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  • QN-2546

    Asset class: Real Estate Equity Fund (non listed).
    Asset region: Europe.
    Size: Total CHF 600m, approx. CHF 100-300m per fund investment.
    Closing date: 2019-06-28.

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