Plumpton

Fund Overview

Folkestone Funds Management established the Fund to provide Investors with the opportunity to participate in a circa 251 lot residential land subdivision in Plumpton, Melbourne (Project). The Project, known as “Rosewood”, is a carefully crafted masterplanned community offering a selection of housing lots to suit a range of buyers.

Rosewood is located approximately 30 kilometres north-west of the Melbourne CBD in one of Melbourne’s key growth corridors. The Project is a joint venture (Joint Venture/JV) between the Fund  and ID_Land, an experienced, privately owned Melbourne based residential developer. ID_Land has been appointed as the development manager. ID_Land has undertaken a number of successful residential developments across Melbourne with this being the fifth joint venture between Folkestone and ID_Land.

The Land is located at 961 Taylors Road, Plumpton, approximately 30 kilometres (30-40 minute drive) north-west of the Melbourne CBD, within the City of Melton. Plumpton is located immediately west of the well-established suburb of Caroline Springs, a greenfield development launched in 1999 by Lend Lease. Caroline Springs is approximately 25 kilometres west of the Melbourne CBD. Neighbouring suburbs include Burnside, Burnside Heights and Taylors Hill. Together with Caroline Springs, these suburbs have a population of more than 52,000 people making it one of Australia’s fastest growing local government areas.

Fund Type The Fund is a single, closed end, unlisted real estate fund.
Developer Folkestone / ID_Land
Location 961 Taylors Road, Plumpton, VIC
Size Circa 251 lot residential land subdivision
Description – 66.6 hectare land parcel.
– Approximately 30 kilometres (30-40 minute drive) north-west of the Melbourne CBD.
– One of Melbourne’s key growth corridors.

Our Board – Folkestone Funds Management Limited

Grant Hodgetts
Non-Executive Chairman
BA, Assoc Dip Val, AAPI, MAICD
Greg Paramor AO
Managing Director
FAPI, FAICD, FRICS
Ross Strang
Non-Executive Director
LLB (HONS), MAICD
Adrian Harrington
Head of Funds Management
B.SC (HONS), FFINSA, GAICD

Our Executives – Folkestone Funds Management Limited

Ben Dodwell
Head of Real Estate
BA (I.D.), Grad. Dip. App. Fin. SIA, DIP PROP FIN, MAICD
Scott Martin
Chief Financial Officer & Company Secretary
B.Com, CA
Mark Stewien
General Counsel
LL.B, BCom (Finance)

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