GOLD Coast based company Blue Sky Property Partners has launched a closed ended fund targeting the regional property market in Queensland and northern New South Wales.
The fund is looking to raise $10 million to invest in developments.
Currently, Blue Sky has two unit developments in Townsville and another in Bundaberg.
Blue Sky’s finance director Steven Reibelt said the key to the fund would be to choose developments in growth markets in which the company has experience and contacts.
“The unit developments we have under way in Townsville and Bundaberg are being overseen by our development manager Damien Todd who is working closely with local construction companies,” he concluded.
Australian Property Journal
