Growthpoint manages $1.8 billion1 on behalf of third-party investors through our funds management business, bringing our total assets under management to $6.6 billion1.
The funds business manages funds that invest in office, retail and mixed-use properties and debt investments across value-add and opportunistic strategies.
We acquired Fortius Funds Management (Fortius) in September 2022. Fortius has an established track record of investing in Australian real estate markets, generating strong returns for its investors with an average IRR of 17% per annum2 over thirty years.
The funds management business is well positioned with strong execution capability and is targeting sustainable and accretive growth in funds under management through the cycle.