Bruce said the association between builder and funds manager provided multiple benefits including:
- Access/ first option to buy new buildings
- Confidence in the quality of the building. Graystone has a reputation for building A-Grade suburban business precincts and was rectently awarded the Master Builders Association Best Commercial Building up to $50m, for the Puma Energy Australian headquarters at BTP Northshore Hamilton.
- An inside understanding of the construction journey and potential tenancy mix
- Cost efficiencies
- Delivery of tenant fit outs on time and on budget
However, unlike other funds managers with a property developer parent company, Stronghold has been created as an independent entity and has already branched out from the Graystone stock of buildings to invest elsewhere.
Stronghold’s most recent fund was created to purchase two modern, fully leased, multi-tenanted office buildings in the Melbourne suburban growth precinct of Monash. (Click here for more information)
“I think the key to our success to date has been using independent advisors and experts outside of the Graystone and Stronghold group,” Bruce said.
“We have an arms-length verification of values and bank certification for every one of our investments. We have a separate legal team which reviews not only for the purchase contract but also for the conveyancing, review of leases and lease transactions.”
To find out more about Stronghold Investments visit https://www.strongholdinvest.com.au/what-we-do/investment/.
To find out more about the Graystone Group visit http://graystone.com.au/.