Small-scale investors offered slice of Kidman Station
Small-scale investors could reap yields of nine per cent through a crowd-funding campaign orchestrated by investment platform, DomaCom.
The campaign follows the Government's decision not to block the sale of the Kidman Station to foreign investors.
DomaCom chief executive, Arthur Naoumidis, said the unusual campaign would put the $360 million properties, which span 101,000 square kilometres in the Northern Territory, Queensland and Western Australian, into play for retail investors.
"Crowd-funding hasn't traditionally been associated with pastoral properties, but that's no reason why it can't be done," he said.
"The platform is structured to cater for the smallest apartments to a deal of the Kidman magnitude.
"The principle is the same, and people can get on-board the Kidman acquisition for as little as $2,500 and receive a proportional share of the income and capital value of the property that will be valued annually.
"It is also a good opportunity for superannuation funds, whether they be APRA-regulated or SMSFs, to get a slice of this pastoral empire that offers an indicative rent yield of about nine per cent a year."
AUTHOR
Nicholas O'Donoghue
Recommended for you
Magellan fund manager Arvid Streimann has resigned after an investigation into allegations he had a workplace relationship with a junior employee.
Clime Investment Management has sold a portion of its retail client book to an external financial planning practice for $1.6 million in its latest cost-out move.
In his inaugural address as L1 Group chief executive, Julian Russell has outlined his vision and priorities for the newly-merged $16.7 billion business but warned fund outflows will continue for 18 months.
Ten Cap has announced it will launch its first active ETF on the ASX later this month, expanding retail access to its flagship Australian equities strategy.
