Folkestone Sydney Olympic Park Opportunity Fund

Fund Overview

The Asset is located in Sydney Olympic Park, which lies between the Sydney CBD (16 kilometres to the east) and Parramatta (10 kilometres to the west). Its central location, easy access to major arterial roads, public transport services including train, bus and ferry, multi storey carparks, sporting infrastructure, hotels and surrounding parklands offer a unique proposition for businesses and a healthy environment for workers.

Sydney Olympic Park is progressively being transformed into a high density, mixed use neighbourhood with commercial office, retail and residential uses. The Asset is located on the northern side of Murray Rose Avenue along the northern edge of the Sydney Olympic Park town centre or “Central Precinct”, as it is identified within the Sydney Olympic Park Master Plan 2030. The site is located directly opposite the Olympic Park Railway Station and approximately 500 metres east of ANZ Stadium.

The Central Precinct is bounded by Dawn Fraser Avenue, Olympic Boulevard, Sarah Durack Avenue and Australia Avenue. The majority of new commercial and retail development within Sydney Olympic Park is within this precinct.

Fund Type The Fund is a single asset, closed end unlisted real estate fund.
Builder FDC Construction & Fitout (NSW) Pty Ltd
Location 11 Murray Rose Avenue, Sydney Olympic Park, NSW
Size Circa 5,810 sqm including five levels of office totalling 5,5080 sqm and ground floor retail of 730 sqm
Description – 61 car parking spaces over two basement levels
– Designed to achieve a minimum 5 star Green Star Rating and a 4.5 Star NABERS Energy Rating
– State of the art end of trip facilities and bike parking
Key Dates
Purchase Date July 2017
Forecast Practical Completion of Building February 2018

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, MAICD

Our Executives – Folkestone Funds Management Limited

Greg Paramor AO
Managing Director
FAPI, FAICD, FRICS
Adrian Harrington
Head of Funds Management
B.SC (HONS), FFINSA, MAICD
Ben Dodwell
Head of Real Estate
BA (I.D.), Grad. Dip. App. Fin. SIA, DIP PROP FIN, MAICD
Travis Butcher
Chief Financial Officer – Funds
B.Acc, CA, Grad. Dip. AFI SIA
Scott Martin
Chief Financial Officer & Company Secretary
B.Com, CA
Mark Stewien
General Counsel
LL.B, BCom (Finance)
Sean Wilson
Investment Manager
B.com, B.Bus (Real Estate Development & Valuation)

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