Case Study
Margaret River,Western Australia
Delivering a residential land development in a market showing strong growth with undersupply.
Number of lots
404
Average Sale price
$226k
Project Duration
7.5 Yrs
Development margin
$18.2m
Equity IRR
> 20% p.a
Delivering a residential land development in a market showing strong growth with undersupply.
Executive Summary
In late 2021, Ark entered an equity joint venture with one of our longstanding development partners to deliver a residential land development in Margaret River, Western Australia.
The project was on strategy for Ark—residential land development in a market showing strong growth with undersupply. Our due diligence and market analysis gave us deep confidence in the macro and micro dynamics driving demand for these land lots.
It has exceeded our expectations and validated our investment thesis and is a strong example of Ark’s equity investment strategy.
Our Investment Strategy
01
Partnering with proven, capable developers
02
Investing on strategy in markets where we have capability and confidence
03
Investment structures that share risk appropriately and reward stakeholders when metrics are met and exceeded
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