CWG Development Announces New Property Investment Fund

CWG Development has announced it will launch a fund management platform to support a number of property development funds starting from late this year.

Already, CWG Development’s Singaporean parent company has released nine successful property investment funds under the banner of Richmond Capital, that invested in property within China, Australia and the United States.

Following the success of its prior, overseas investments funds and consistent enquiry from the market, CWG Development said it expects the latest investment opportunity to be fully subscribed when it launches.

CWG Development’s chief executive Dr Ying Rao said the upcoming fund, which is yet unnamed, will be a wholesale fund for property and will coincide with the next project it will develop in Sydney.

Several development opportunities are currently under active consideration.

“We are looking forward to presenting our investors with another avenue where they can become involved in our growing company and growing project pipeline of boutique property developments along Australia’s eastern seaboard,” Dr Rao said.

Dr Rao made the announcement at the company’s high profile, inaugural corporate golfing day held at the prestigious NSW Golf Club on Tuesday 27 March, an event attended by 160 VIP guests, many of whom had previously invested in CWG’s developments.

Speaking at a dinner following the CWG Cup 2018 golfing tournament, Dr Rao said that each future CWG investment fund will align with the company’s current development pipeline which will continue to focus on residential developments situated in areas well-connected by public transport.

“We are very pleased to announce our upcoming property fund offering, which gives everyday Australian sophisticated investors the opportunity to share in our success and journey with us as we announce our next property ventures,” Dr Rao said.

Main Image: Pre-tee off group photo of VIP guests.

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