Equity Partnerships
CVS Lane works with select partners to provide bespoke equity solutions via a broad range of projects.
CVS Lane works with select partners to provide bespoke equity solutions via a broad range of projects.
We aim to offer our investors strong, risk-adjusted returns through participation in these projects.
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Craig Miles
Head of Joint Ventures and Equity Partnerships
Craig is primarily responsible for the management of CVS Lane’s development activity, including Equity investment and partnerships. Prior to joining CVS Lane, Craig spent more than 25 years in property finance with institutions including Mirvac, MTM Funds Management, RREEF and other private sector roles. Craig is based in the Brisbane Office.
Direct investment and partnerships
We aim to partner with quality, experienced developers with a clear vision and sound strategy to unlock the potential of strong underlying property assets.
We have a proud track record of funds management and joint venture partnerships across a range of asset classes, including residential, retail, commercial and industrial.
VIEW OUR CURRENT RETAIL PARTNERSHIP PORTFOLIO
Partnerships case study – Karalee Shopping Village
The Woolworths-anchored Karalee Shopping Village and adjacent land in Chuwar, Queensland was acquired in 2015 by a special purpose unit trust managed by CVS Lane. This was in conjunction with Consolidated Properties Group, which was engaged as Development Manager.
Refurbishment works were completed in April 2019, creating a 11,394 sqm dual supermarket-anchored neighbourhood centre. The upgraded Centre offered both a full line Woolworths (3,429, sqm) and Coles (3,900 sqm) plus additional specialty and non-discretionary retail. At October 2022, the Centre is 97% occupied with a Weighted Average Lease Expiry of 7.9 years.
Bespoke equity
We pride ourselves on providing bespoke financing solutions to meet our clients’ unique capital requirements.
We have a track record of providing preferred equity solutions, fund-through structures and equity underwrites.
Bespoke equity case study – Greenfield Development, Queensland
In December 2021 CVS Lane provided a fund-through structured equity solution to a Brisbane-based property developer to complete a greenfield development in the Brisbane metropolitan area.
Under the structure, CVS Lane arranged equity as well as senior debt from a major Australian bank to fund the development.
On completion, the developer will receive a delivery fee while CVS Lane will manage the asset on behalf of the dedicated Fund, which is set to deliver stable income distributions to investors.
Joint ventures
We have a sound track record of participating in strategic joint ventures with developers.
As a joint venture partner, CVS Lane contributes equity to the project and arranges finance to complement its investment.
