September 2024: Company Updates
Closing out the first quarter of the 2025 financial year, we settled four new facilities and had one mature and repaid early.
We continue to focus on our core sectors of land and land subdivision in the residential and industrial markets and assess opportunities outside of these with caution.
We have previously provided commentary on the pressures facing developers in Victoria and NSW in particular and noted that for some time now Ark has focused on South Australia, Southeast Queensland, Western Australia and the ACT. Accordingly, the current pipeline of opportunities is heavily weighted towards these locations.
Notwithstanding this we continue to conduct detailed due diligence on potential investments in Victoria and NSW, and as noted in last months newsletter, markets can become attractive when settings change or are influenced by other factors. Melbourne in particular is a market that we are keeping a close watch on.
Collaboration for Urbis
We are excited to formally announce collaboration with Urbis for macroeconomic and property market outlook research. Urbis is the leading economic research and multi-disciplinary real estate advisory firm in Australia.
Through a long-standing relationship with Urbis and its directors, Ark has utilised Urbis’s market insights and deep research capabilities to help inform our investment settings. We have recently formalised this into a collaboration and will produce two Australian Macroeconomic and Property Market Outlook reports throughout each financial year. The first of these will be released during October. We look forward to providing investors with a condensed version of the report after it has been released.
Bridge It: Empowering Young Women
Earlier this month, ARK had the opportunity to visit an exciting new space (The Cocoon) designed for young women who have experienced homelessness. This inspiring project is led by Bridge It, a charity dedicated to providing homes, community, and ongoing support to young women in need.
ARK was fortunate to get an exclusive preview of the “Cocoon” before it officially opened. The transformation of an old mansion into 16 modern apartments, complete with communal spaces, was truly remarkable and a testament to Bridge It’s incredible work. We look forward to hearing about the impact this will have on many individuals.
Victorian Chemists Golf Club
Ark Capital Funds recently entered into a partnership to become the 2024/2025 Gold Sponsor for the Victorian Chemists Golf Club. The Club was established in 1946 with the purpose of the club to promote the fellowship of pharmacists enjoying a game of golf and other athletic sports and pastimes.
Ark Capital Executive Director of Distribution Shane Wakelin recently joined VCGC President Greg Clements and VCGC Captain Leon Thomas at Southern Gold Club to compete for the 2024 Ted Beacham Memorial Trophy. Ark Capital congratulates Martin Nowak on his achievement as 2024 Winner.
Ark Capital looks forward to continuing the partnership with VCGC and supporting its charity partners whilst playing some of Victoria’s famous sandbelt courses.