Invest with ICM.
Embark on a
rewarding journey.
The Fund’s Strategy is the acquisition or participation in multiple commercial development related opportunities – geographically diversified across highly sought after growth corridors nationwide.
Our Approach & Objective.
Deliver risk-adjusted returns commensurate with those typically associated within real estate development.
Enhance investor’s unit-holding value by providing returns through direct investment in multiple opportunities.
Designed for wholesale and sophisticated investors seeking exposure to the Australian real estate development market.
Target an IRR on equity of 15-20% (net of all costs and fees) on each investor’s deployed capital over the Fund Term.
1. Priority Access.
Priority access to a pipeline of quality development opportunities.
2. Independent Oversight.
Independant oversight of all investment and development activities with a strong governance regime in place.
3. Interest Alignment.
Interest alignment as the development manager will be a significant cornerstone investor for the life of the fund.
4. Risk Isolation.
Segregation of each development project ensures quarantining of development risk and maximum target allocation to any individual project will be 25% of total committed capital.
5. Regular Reporting.
Regular reporting on the status of each project, including key financial information on the performance of the fund as well as audit by Tier 1 External Auditors.
6. Capital Efficiency.
Investors may elect, through payment by direction, to have part of their distribution entitlement applied towards meeting subsequent Capital Contribution payment obligations of the Investor.
7. Capital Distribution.
Distribution on the completion and sale of each project from the net realisation of completed projects (less an amount on account of actual costs) as soon as practicable.
The independent Investment Committee will be established to oversee that the Fund is managed in accordance with its mandate.
The Investment Committee will be governed by an Investment Committee Charter, comprising of a representative from the Investment Manager, a representative from the Development Manager and/or an independent representative(s).
Any such approval must include the unanimous approval of all the representatives. The Investment Manager may in its discretion admit a nominee of one or more large investors onto the Investment Committee.
The Investment Committee will approve the acquisition and sale of Fund investments (i.e. Eligible Opportunities) and all related party transactions to ensure transparency and adherence to best practice corporate governance principles.
ICM has adopted a three lines of defence approach to Governance that will be implemented systematically as the business evolves.
The initial implementation tasks the Board with the responsibility for the overall governance of the fund manager, setting the risk management framework and the risk appetite for the organisation. The management team is responsible for owning and managing the risk in the company. This represents the first line of defence.
ICM has established a Risk and Compliance Committee with an independent Chair, which will perform oversight over the Line 1 risk management activities as a second line of defence. Where required, independent experts will be engaged to perform further independent reviews as Line 3 defence.
The Risk and Compliance Committee will meet on a quarterly basis to review the Line 1 risk management activity. The committee will have a direct reporting line to the Board for escalation. This will be Chaired by Erik Haggstrom.