Gresham Property Mezzanine Fund No. 2

Gresham Property closed its fund-raising for the Gresham Property Mezzanine Fund No. 2 in November 2004 with commitments of $100 million. The scope of its investment mandate had been broadened beyond development assets to include investment in investment assets and New Zealand developments.

Fund No. 2 was closed for further investments from December 2006 coinciding with the commencement of fund raising for Gresham Property Fund No. 3.

Fund No. 2 had similar terms, investment guidelines and investment processes to that of Fund No. 1. The commitments to invest were largely raised from institutional investors and included many Fund No. 1 investors continuing their relationship with Gresham Property with Fund No. 2.

  • lamaison

    La Maison

    Location: Gordon, NSW
    Property Type: Residential apartments
    Mezzanine loan: $5.5 million
    Total project realisations: $61.8 million

  • linksseaside

    Links Seaside

    Location: Wollongong, NSW
    Property Type: Seniors living and aged care residential resort
    Mezzanine loan: $16.5 million
    Total project realisations: $173.0 million

  • hardieholdings_lake

    Hardie Holdings

    Location: Cessnock, NSW
    Property Type: Two residential land development projects
    Mezzanine loan: $8.1 million
    Total project realisations: $54.8 million

  • unisity

    UniSity

    Location: Footscray, Melbourne
    Property Type: Student accommodation
    Mezzanine loan: $5 million
    Total project realisations: $20.3 million

  • drift

    Drift

    Location: Palm Cove, Queensland
    Property Type: Hotel redevelopment into a residential resort with retail units
    Mezzanine loan: $4 million
    Total project realisations: $91.6 million

  • portside

    Portside Wharf

    Location: Hamilton, Brisbane, Queensland
    Property Type: Residential, retail, port facilities
    Mezzanine loan: $10 million
    Total project realisations: $220 million

  • homebush

    Homebush Business Village

    Location: Homebush, NSW
    Property Type: Commercial strata units
    Mezzanine loan: $9.5 million
    Total project realisations: $49 million

  • ramada

    Ramada Pelican Waters

    Location: Caloundra, Queensland
    Property Type: Hotel and investment residential apartments
    Mezzanine loan: $7.2 million
    Total project realisations: $77.2 million