Salter Brothers MD, Paul Salter appointed to IHG Owners Association Global Board of Directors

Salter Brothers is pleased to announce MD, Paul Salter’s election to the IHG Owners Association Global Board of Directors from December 2019 for a two-year term.

The IHGOA Board of Directors represents the interests of the Association in helping hotel owners maximise their investment in IHG hotels, and is an instrumental voice in advocating for IHG hoteliers around the globe.

Speaking of the appointment, Mr Salter said he is looking forward to helping build a stronger association advocacy within the Australasian IHG Owners region and to learning from and contributing to the hotel investor group’s global issues and strategic roadmap.  

“With a strong understanding of technology and its use in respect of hotel operating performance, together with the our Group’s experience of refurbishing and repositioning IHG hotels in Australia, I believe my advocacy to the IHGOA Board of these critical challenges facing owners over the coming years, will prove valuable”.

Mr Salter’s appointment is a valuable step forward in the ongoing development of Salter Brother’s relationship with IHG, as the largest IHG hotel owner in Australia.

DisplaySweet Win ‘Best New PropTech’ Award

DisplaySweet, a Salter Brothers investee company, has won the competitive category of ‘Best New PropTech’ at the annual The Urban Developer Awards, honouring Australian and New Zealand property leaders. 

With more than 100 finalists across 24 categories, DisplaySweet took the title from 10 fellow PropTech heavy-weights, including Charter Hall and MYBOS. 

The award gala hosted 500 international property professional guests at Howard Smith Wharves in Brisbane, with DisplaySweet one of the youngest companies in their categories. 

DisplaySweet offer modern technology for off-the-plan developments, allowing developers and agents to illustrate the size, style and unique qualities of each residence through their innovative technology. 

Previously relying on a 2D sales experience, developers can now offer a virtual reality tour of a planned development through the suite of technology offered by DisplaySweet, while increasing sales and reducing the number of appointments. 

Founded by John Paige, with 10 years’ property experience, and Steven Mieszelewics, with 15 years’ experience as a software engineer, DisplaySweet has garnered a strong market share, with repeat clients including Crown Resorts, Stockland, Knight Frank, Savills and more. 

DisplaySweet’s mission is to make buying property an inspiring and personal experience through their interactive and intuitive platforms. 

DisplaySweet is an important investment for Salter Brothers and its growing PropTech portfolio. 

Salter Brothers Hotel, Intercontinental Melbourne The Rialto, Awarded ‘Oceania’s Leading Hotel 2019’ At World Travel Awards


Intercontinental Melbourne the Rialto has been awarded ‘Oceania’s Leading Hotel 2019’ at the 26th annual World Travel Awards Asia & Oceania Gala Ceremony.

The World Travel Awards recognises exceptional leaders in the tourism, hotel, airline and hospitality industry, representing the pinnacle of industry excellence.

Held in Vinpearl Convention Centre Phu Quoc (Vietnam), the gala honoured hotels from all over the world, with Intercontinental Melbourne the Rialto also nominated for five other categories, including ‘Australia’s Leading Hotel 2019’ and ‘Leading Business Hotel 2019’. The World Travel Awards are well attended by a range of industry and government leaders, as well as global media and renowned speakers.

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Closer to home, Intercontinental Melbourne the Rialto was recognised regionally at the Tourism Accommodation Australia Awards for Excellence, awarded ‘Concierge of the Year’, ‘Food & Beverage Services Employee of the Year’ and ‘Hotel Bar of the Year’.

Located at the Paris-end of Collins Street, Intercontinental Melbourne the Rialto is known for its 1890’s heritage facade and unrivalled five-star service, captivating its domestic and international guests. Salter Brothers acquired Intercontinental Melbourne the Rialto in 2015, following a $50M luxury refurbishment that took place in 2006. In addition to this iconic property, Salter Brothers also acquired four high-performing IHG properties across Australia in 2015, with three more hotels joining the portfolio in the last 12 months.

If you would like to learn more about the Salter Brothers hotel portfolio, contact our Client Services Manager, Cathy Zhang.

Cathy Zhang

cathy.zhang@salterbrothers.com.au

For further information, please contact:

Nancy De Losa
Director | Marketing
Salter Brothers

E: nancy.delosa@salterbrothers.com.au

Salter Brothers close oversubscribed NEXT Hotel Acquisition capital raising

Salter Brothers is pleased to announce that it has closed its $104m equity raising for the Salter Brothers Hotel Group.  The capital raising was oversubscribed.

The capital will be used to partially fund the acquisition of the NEXT Hotel in Brisbane.

NEXT Hotel is the first Brisbane property and the 7th Australian hotel acquired and retained by the Salter Brothers Hotel Group since December 2015.  The recently renovated and refurbished upscale hotel, which features 304 rooms, restaurant, outdoor pool and gymnasium, is located in the Brisbane CBD’s prime retail strip, Queen Street Mall. The hotel is leased to an entity of the NEXT Story Group, which operates the NEXT Hotels brand. The property also includes two levels of prime retail space, part of which is leased to Westpac Banking Corporation.

Paul Salter, Managing Director of Salter Brothers, commenting on closing the NEXT Hotel acquisition capital raising said “we would like to thank both our existing investors who continue to show faith in our long term strategy and also a number of new investors that have joined our register.”

Niall McCarthy, Director of Funds Management at Salter Brothers, said “the significant interest in the Salter Brothers Hotel Group  from both sophisticated high net worth investors and institutional investors is testament to the quality of the portfolio, the team and ongoing opportunity that has been developed over the last 4 years.”

With this acquisition now finalised, Salter Brothers will focus on its new build pipeline of hotels across Australia and its separate plans to raise additional capital to support these expansion and development initiatives. Credit Suisse (Australia) Limited and UBS AG, Australia Branch have again been engaged to act as joint lead managers in this process.

Advising Salter Brothers on the NEXT Hotel capital raising were joint lead managers UBS AG, Australia Branch and Credit Suisse (Australia) Limited, MAP Capital as corporate and debt advisor and MinterEllison as legal advisor.

For further information, please contact:

Nancy De Losa
Director | Marketing
Salter Brothers

E: nancy.delosa@salterbrothers.com.au

Everlea Construction Commences In Melbourne’s Growth Suburb of Keysborough


The highly anticipated development at 452 Cheltenham Road has commenced construction, with the bespoke Everlea townhouses due to be completed in 2020. Drawing inspiration from nature and community in the layout and design, this sought after townhouse development is one of the last of its kind and selling strong.

With the suburb of Keysborough out-performing the years before it at a price growth of 68.2% over the past 4 years, investors can expect a high rental yield, with the prospect of strong growth for residential owners. Everlea’s ideal location is described best by realestate.com.au as a ‘flourishing, multicultural, residential suburb in the city’s south-east.’ With the construction underway at the site, there is a limited opportunity to secure a home in one of Melbourne’s fastest growing suburbs.

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Everlea enjoys an enviable proximity to the leading private school in Melbourne and Asia Pacific, Haileybury College, as well as renowned primary school colleges. Combined with close access to golf courses and beaches, Keysborough is a suburb that appeals to families and downsizers alike.

Lead developer, Dumindha Ranasinghe, believes that the interest in the development is indicative of the area itself and the design put forward, commenting “Everlea presents a great investment for those interested in premium private schools, while also offering spacious 2 and 3 bedroom townhouses designed with purpose and innovation.”

Designed by the esteemed Bruce Henderson Architects, Everlea townhouses are being created to differ from each other in scale, orientation and colour scheme, with home owners and investors securing a townhouse that is entirely unique. Recognised for prioritising community and natural spaces, the developments includes a central park, landscaped streets and a façade of native trees and shrubs.

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For further information, please contact:

Nancy De Losa
Director | Marketing
Salter Brothers

E: nancy.delosa@salterbrothers.com.au

Salter Brothers announce third investment in PropTech industry, backing Hendry Group

 

Global funds management firm Salter Brothers has announced their latest private equity fund investment  into PropTech firm, Hendry Group.

Hendry Group, a leading national advisory firm with a thirty-seven year history in the risk and compliance sector, has evolved its offerings to provide technology enabled solutions to the built-environment. Hendry Group is considered the leading PropTech player in the built-form compliance and asset life cycle space.

Ranking 53rdin the AFR Boss 100 Most Innovative Companies List in 2018, Hendry Group is once again shortlisted for the prestigious recognition this year, after being recognised for their innovation in Proptech and whole-of-life compliance solutions.

This investment by Salter Brothers will further enable Hendry to advance their tech-backed approach to risk, compliance and asset optimisation of the built-form. Underpinned by its proprietary SAAS platform that allows for collaboration, Hendry Group will continue to provide customers with enhanced regulatory, compliance and advisory services and solutions.

Hendry Group CEO Ms. Emma Hendry, commenting on the investment, “we aredelighted to have a strategic partner that appreciates our unique market position, where our SAAS platform  gives us exposure to every element of the property ecosystem and an ability to deliver expanded solutions to our customers. With this investment we will be able to further cement Hendry Group as Australia’s largest integrated risk, compliance and asset optimization firm.”

Commenting on the investment, Salter Brothers Co-Founder and Chief Executive Officer, Robert Salter, expressed the firm’s enthusiasm and support of the evolving Hendry business model.“We see Hendry Group as a dominant and disruptive force in the PropTech sector, with a unique proposition to successfully meet the complex and changing regulatory demands of the built-environment.” he said.

Mr. Salter further commented that “Ms. Hendry has a clear vision for the future of this industry and has successfully transitioned Hendry Group to be a first mover in the provision of a SAAS platform in this space, which will allow the company to expand into new markets internationally”.

This investment by Salter Brothers is its third investment in the PropTech space. The PropTech market is growing rapidly, with over $12billion in global VC investments seen in 2017, and 2018 surpassing that amount. Other investments include DisplaySweet, which provides a SAAS platform for property developers; and AirServicewhich provides a SAAS platform for hotels, resorts, stadiums and restaurants to deliver enhanced guest experiences.

 


About Salter Brothers

Salter Brothers is a global funds management firm with almost $2bn AUM across specialist property, credit and private equity investments. Salter Brothers participate in a range of private equity investments, with several dedicated investment funds focused on various asset classes, including unlisted and listed operating companies.

 

For more information:

Salter Brothers | Nancy De Losa | Nancy.Delosa@salterbrothers.com.au

Hendry | Amber Keogh | Amber.Keogh@hendry.com.au

Inference Solutions, a Salter Brothers Private Equity Fund Investee Company, recognised as Intelligent Virtual Agent Leader by DMG

Inference Solutions, Intelligent virtual agents (IVA) market share leader and investee company of Salter Brothers Private Equity Fund, has appeared recently within the well-recognised, DMG Consulting report.

The DMG Consulting report is well known in the technology space worldwide, highlighting useful feedback from customers and clients of leading virtual agent companies. The published reports provide in-depth analysis of the IVA climate, and the company names that inform change.

Holding 15.8% of the global market, Inference Solutions is recognised for their role in digital transformation and self-service solutions.

With companies assessed on overall performance, spanning technology, products and functional capabilities. Inference Solutions received a perfect score (5/5) for innovation, and a highly graded (4.33/5) vendor score.


Global Market Share Leaders

Inference Solutions CEO, Callan Schebella, was thrilled to receive the recognition from an industry known for its competitive landscape. Having experienced significant growth in the last 12 months, Inference Solutions is expected to follow this trajectory as the company expands its brand, with customer acquisition mirroring this expansion.

“Being singled out in the DMG Consulting’s report is indicative of the company’s success”, said Callan. Affirming that customers and clients are gaining value from the IVA technology, and the industry is taking notice, has led to the global growth of the company.


The IVA industry & investment opportunity

As dependence on virtual assistants grow, Salter Brothers Private Equity fund provides an opportunity to invest in a fertile market with strong growth. Smartphones and home devices will continue to integrate IVA capabilities, with Salter Brothers poised at the forefront of the AI movement.

Recent enhancements to the Inference Solutions platform include Google solutions like Dialogflow and Speech-to-Text, important developments that will see the platform further strengthen its leading position in the industry.

For more information on Inference’s DMG recognition: visit uctoday.com

To find out more about how to invest in Inference via Salter Brothers Private Equity Fund, contact Tineyi Matanda on tineyi.matanda@salterbrothers.com.au

Salter Brothers talk Technology Innovation at Australasian Hotel Conference, AHICE

Pictured: Nigel Greenaway, Gary Lopez, Sarah Phillipson, Sabine Schaffer, Robert Wilson

 

The second day of AHICE, the largest hotel conference in Australasia, opened with an executive panel of hotel owners discussing the topic of ‘What Owners Want’.

Representing Salter Brothers, Asset Manager Gary Lopez spoke ofthe importance of technology innovation within the hotel landscape, and how this can enhance the guest experience while systematically increasing restaurant and bar spend per available room.

Australia, New Zealand and Japan continue to hold the title of best occupancy markets in the world, offering an opportunity to drive strong incremental revenue through technology.

 

 


Introducing the AirService Guest Experience Tablet

One such technology is AirService, a revolutionary Guest Experience Tablet (GET) that replaces the phone, room service, compendium and alarm clock function within a hotel room. Guests are able to order meals through the tablet with accompanying imagery, subsequently competing with dining options external to the hotel. Guests can also access tourism information, live weather forecasts and other enquiries that relieve pressure from Front Office employees.

“The average hotel guest books their hotel online, orders an Uber to the airport and checks in on the way. From there, they interact with airline technology, only to arrive to the hotel to have an analogue experience, ” said Gary Lopez.

 


InterContinental Melbourne the Rialto first to adopt AirService technology

Salter Brothers partnered with AirService in 2018, recognising the extent to which AirService was revolutionising food and beverage service for enterprise hospitality.

Guests travelling for leisure or work are not willing to sacrifice convenience or flavour.  With a disruptive societal shift towards ordering from external food delivery services, hotel operators must look to insert themselves in that pattern and bring their restaurants and bars to the devices of its guests, particularly given their captivated market of some 200-400 rooms.

As global fund managers with hotel properties across Australia, Salter Brothers’ partnership with AirService was one born of collaboration and industry insight. In a first to market move, guest rooms at Intercontinental Melbourne the Rialto are fitted with the AirService tablet, allowing for another channel to communicate with guests and leverage purchase opportunities.

Tineyi Matanda, Investment Manager at Salter Brothers said the results to date have been outstanding with 90% of guests engaging with the tablet during their stay at InterContinental Melbourne The Rialto.

 

For media information, contact

Nancy De Losa | Head of Marketing

Nancy.delosa@salterbrothers.com.au/ 0411 543 433

Salter Brothers hits $1B target with $150 million acquisition of NEXT Hotel Brisbane and gears up for future growth strategy

Melbourne 22 May 2019:Melbourne-based property investment firm Salter Brothers (formerly SB&G Group) has now met its stated target of $1 billion of hotel assets, with the acquisition of the NEXT Hotel in Brisbane’s Queen Street Mall. The acquisition from Challenger Group, marks the first Brisbane-based property to be acquired by Salter Brothers, adding further scale and geographic diversification to their Australian hotels portfolio. NEXT Hotel is Salter Brothers’ first Brisbane property and the 7th Australian hotel acquired in 3.5 years.

This latest acquisition and firm’s re-positioning toSalter Brothersfrom SB&G Groupis aligned with the firm’s future growth strategy towards a planned IPO and the recent formalised independence from iProsperity Group (IPG) and its founder Michael Gu.

Further strengthening the growth and expansion strategy is Salter Brothers’ appointment of UBS and Credit Suisse as joint lead managers (JLMs) to raise capital for the NEXT Hotel acquisition and planned developments in Canberra and Melbourne

Further detail on each of the three key announcements is outlined below:

Salter Brothers acquires NEXT Hotel in Brisbane

Speaking on the acquisition of the NEXT Hotel Brisbane, Salter Brothers Managing Director, Mr. Paul Salter, said, “We are delighted to have secured thishotel on behalf of our investors in the Salter Brothers Hotel Group.The transaction represents a strong opportunity for us to enter the Brisbane market at this point in the cycle, as we expect the market to continue to recover in the coming years as new supply is absorbed”.

The recently developed upscale hotel, which features 304 rooms, restaurant, outdoor pool and gymnasium, is located in the Brisbane CBD’s prime retail strip, Queen Street Mall. The hotel is leased to an entity of NEXT Story Group, which operates the NEXT Hotels brand. The property also includes two levels of prime retail space, part of which is leased to Westpac Banking Corporation.

Commenting further on the financial rationale of the acquisition, Mr. Salter added, “This property will provide Salter Brothers Hotel Group with long-term exposure to the improving Brisbane hotel market, underpinned by secure leases to high quality tenants, delivering an attractive initial yield and ongoing steady cashflows. The acquisition provides further income diversification, with the introduction of a new operator and the first leased asset of this nature in our portfolio. The hotel is also attractively priced on a dollar per room basis.”

Following settlement of the acquisition, the hotel will continue to operate under the NEXT Hotels brand, with Mr. Salter noting, “Salter Brothers Hotel Group is pleased to welcome a new, high quality hotel operator to our platform and we look forward to working closely with the NEXT Story Group on this asset, with the potential for more NEXT Hotels branded hotels going forward.”

The acquisition is currently expected to settle by 31 July 2019.

Advising the Salter Brothers Hotel Group on the NEXT Hotel acquisition are MAP Capital as corporate and debt adviser, and MinterEllison as legal adviser.

UBS and Credit Suissepartnership

Salter Brothers Hotel Group has appointed investment banks, Credit Suisse (Australia) Limited and UBS AG, Australia Branch, as joint lead managers and joint placement agents (“JLMs”) in relation to a capital raising to fund attractive expansion and development opportunities within the Salter Brothers Hotel Group. The private capital raising will enable the next phase of growth in the Salter Brothers Hotel Group, which has continued to deliver strong total returns to investors since its inception in 2015 and is expected to appeal to domestic and foreign institutional and sophisticated investors. Salter Brothers Hotel Group may seek an IPO of the portfolio in the future.

In conjunction with UBS AG, Australia Branch and Credit Suisse (Australia) Limited as JLMs, MinterEllison is acting as legal adviser on the capital raising.

Australian hotel market update

There continues to be strong domestic and international institutional investor interest in accessing hotel real estate investment opportunities in Australia, given the hotel sector’s positive macro tailwinds, including:

  • Constrained supply: Even with the supply increases that are forecast for some CBD markets, CBD hotels are still trading at amongst the highest occupancy rates in the world;
  • Increasing consumer demand: a subdued Australian dollar should see increasing demand for Australia as an international tourist destination as well as encouraging more local travel by Australian residents; and
  • Increasing international tourism, especially from mainland China, which according to the ABS now delivers more than 1 in 8 visitors to Australia.

These factors all support an upwards trajectory in hotel RevPAR (being the multiple of occupancy rates and average daily room rates), in Australia’s main CBD markets.

Salter Brothers – a leading, independent platform

Salter Brothers Hotel Group, along with the broader Salter Brothers operations (collectively, “Salter Brothers”), also announces the formal separation of Salter Brothers and the iProsperity Group (“IPG”). While Salter Brothers has always operated independently from IPG and its founder Michael Gu, with the proposed institutional investment in the Salter Brothers Hotel Group, it was considered appropriate that this independence be formalised. As a result, IPG and Michael Gu no longer have any formal business relationship with Salter Brothers.

Mr. Salter said, “This formal separation reflects the reality of recent years as Mr. Gu has primarily been focused on IPG, and operated independently from Salter Brothers.

 

For further information contact:

Paul Salter
Managing Director

SBG: Our top 8 highlights of 2018

As 2018 draws towards a close and we reflect on the past year, we wanted to share with you our top 8 highlights from across our Property, Private Equity, Credit and Emerging Companies Funds offering in 2018.

Property – SBG Hotel Group, Australia

1. Acquiring the Watermark Hotel, Gold Coast and converting to new IHG global brand voco in just 5 months

SBG Hotel Group acquired the Watermark Hotel on the Gold Coast in March 2018 and from settlement in June, worked closely with partner IHG to refurbish the hotel and launch it as the first Vocohotelin the world in just 5 short months. The AUD$7.5M refurbishment included refurbishing all 389 rooms and all outdoor spaces, making it a sought after new hotel experience for the flourishing Gold Coast tourism and business leisure market, further strengthening SBG’s partnership with IHG.

 

2. Successfully completing Stage 1 AUD$25M renovation of Crowne Plaza Melbourne

As 1 of the 5 initial SBG Hotel Group hotels acquired in 2015, the Crowne Plaza Melbourne’s Stage 1 refurbishment of all 402 guest rooms, completed in November 2018, was an important milestone for the Hotel Group.

The property is absolute riverfront and ideally located close to Melbourne’s CBD, Convention Centre and Southbank entertainment and leisure precinct, making it highly appealing for business and leisure travellers. Stage 2 Refurbishment of the hotel’s restaurants, bars and reception areas have just commenced and will be complete in 2019.

 

3. Development of 2 new Hotels in Melbourne and Canberra in 2019/2020

With much of the planning work carried out throughout 2018, SBG Hotel Group has committed to the development of 2 new hotels in Australia in 2019/2020– being a Holiday Inn Express, Canberra, to compliment our existing Crowne Plaza Hotel in Canberra, and a new hotel in Flinders Lane, Melbourne.

These new developments will take the SBG Hotel Group portfolio to 8 hotels across the 4 major markets of Melbourne, Sydney, Gold Coast and Canberra in 2019/2020.

 

 

SBG Hotel Group planning to launch AUD 200M Capital Raise in 2019

SBG’s 2 new hotel developments in Canberra and Melbourne, together with our current capital expenditure plans, will see the Group launch a capital raise of up to AUD200 Million in 2019 to be predominantly funded by local and international institutional investors including major Australian Superannuation Funds. Our existing Atlas and SBG investors will be able to participant to invest in the Hotel Group. Please contact us for further information.

Property – SBG Hotels USA

4. Establishing 2 new USA Hotel Funds in partnership with IHG

This year, we launched 2 new USA Hotel Funds focused on the Upscale and Luxury segments of the USA hotels market. Established to gain exposure to $USD assets and meet strong client demand, on objective is to develop a USD 1bn hotel portfolio over 3-5 years and further strengthen the Group’s partnership with IHG into the USA. Opportunities to invest into these Funds are available, please contact us for more information.

 

 

Launching the SBG Upscale Hotel Fund, USA with our first hotel investment in Washington DC

The new SBG Upscale Hotel Fund builds on the expertise and success of the SBG Hotel Group in Australia as it invests in existing hotels and refurbishes and rebrands them to Crowne Plaza Hotels. This is supporting IHG’s vision for Crowne Plaza to become the leading hotel brand in the US for business travellers through its US$200 Million Accelerate Program. The Fund’s initial USD$22M investment was made into the Washington DC-Greenbelt Marriott hotel in July 2018, which is currently being refurbished and converted to Crowne Plaza in early 2019.

 

 

Launching the Luxury Hotel Fund, USA with a primary hotel investment in Charlotte, North Carolina

The SBG Luxury Hotel Fund partners with IHG and Valor Hospitality to develop luxury Kimpton and InterContinental hotels in several locations in the USA. The Fund’s seed investment is the development of a new InterContinental Hotel in Charlotte, North Carolina, a 5 star, 283 room full-service hotel located above the historic Carolina Theatre.

 

Property – Residential

5. Everlea 116 Townhouse Residential Development in Keysborough, Melbourne

In May, we released Everlea, a residential development of 116 townhouses in Keysborough Melbourne.

In a year that has been challenging for many residential areas of Melbourne, Keysborough continues to perform strongly and is in the top 3 suburbs for price growth. Perfectly located 30km from the city in Melbourne’s south east and 8km from Port Phillip Bay, Keysborough has performed very well over recent years, and with our Everlea townhouse prices increasing by 2-4% since May 2018, this demonstrates that good properties are still performing well in the Melbourne market.

Everlea is situated next door to Haileybury College, one of Melbourne’stop private schools, and early 2019 will see the release of some of the best townhouses in the development. A small number have been reserved exclusively for current SBG and Atlas clients, please contact for more information.

 

 

Private Equity

6. AUD$16M Private Equity Investment into Inference Technologies Group’s global expansion

In July, the SBG Private Equity Fund, together with the Atlas Capital Group’s Emerging Companies Fund, partnered with leading US Venture Capital Fund, PeakSpan Capital Growth Partners, to invest AUD$16M into Inference Technologies Group, a leading provider of solutions designed to help organisations automate and facilitate interactions with their customers

 

Inference Technologies will use the capital to further expand into regional markets, strengthen their support of international partners in the US, UK, Europe and Asia, and continue product expansion and undertake a corporate restructure to become a US company.

7. SBG Capital’s Emerging Companies Fund exceeds the index by 10.3%

SBG Capital was appointed the manager for the Atlas Capital Emerging Companies Fund in December 2017. Since then, the gross performance of the Fund has exceeded the S&P/ASX Small Ordinaries Accum. Index by 10.3%, to the end of November 2018, improving the relative performance of the Fund.

 

 

Credit

8. (a) Launching bond products with US dollar investment opportunities

In a year which has seen the US Dollar perform strongly against most currencies, SBG launched a suite of (USA) Bond Funds. Based on client demand, the Fund offers clients an investment option with a fixed income return, denominated in $US dollars and secured against real property assets, including premium IHG branded hotels.

 

 

(b) Launching bond products with AUD dollar investment opportunities

SBG Property Opportunity Fund Ltd increased its existing debt facility to AUD $80m through the issue of 3 year and 5 year bonds. This facility, offered to investors, is Senior debt secured by 1st ranking charge over the assets of the company.

 

 

Special Bonus Point: Having a great team who work hard and are committed to creating value

The success of our business and the value we deliver to our clients is the result of the hard work of many on the SBG and Atlas teams.

From Investment Managers to Client Relations, to the Finance and Admin teams, our staff share a strong commitment to creating value for our investors. Our culture is about thinking differently, encouraging team members to use their experience to analyse opportunities from multiple perspectives and to create new ways of working and partnering with brands and people we trust. It is a culture we are proud of and what we believe underpins our success.

 

 

We would like to take this opportunity to thank our staff and investor clients for what we have collectively achieved in 2018 and we wish you a safe, happy and joyful season, as we look forward to 2019.

 

Robert Salter

CEO, SBG