Commercial Property Funds Since 2003
We buy, manage and grow Australian shopping centres anchored by supermarkets and essential services, for wholesale, SMSF and private investors who want income from the shopping people do every week.
Our Funds
Each fund owns centres anchored by national supermarkets and essential retailers. Request the Information Memorandum for the full detail, fees and risks.
An $85M sub-regional centre in Torrensville, 2.4 km from the Adelaide CBD.
Anchors Woolworths, Big W and Dan Murphy’s, with 40 specialty stores
Request Documents
$106M of neighbourhood centres at Yanchep and Carnarvon in Western Australia.
Anchors Woolworths, Coles and BWS, on long leases
Request DocumentsNext Opportunity. Our $145M development pipeline will bring new funds. Hear first when one opens.
Hear About New Funds FirstFigures from FRP Capital’s fund pages. Targeted returns are not forecasts or guarantees; returns may be lower and capital is at risk. Both funds are for wholesale investors only, under an Information Memorandum.
How It Works
How a supermarket-anchored centre turns everyday spending into income, using Brickworks Marketplace’s numbers.
2.12MVisits a year
Groceries, medicine and everyday essentials are bought week in, week out. Shoppers spend $110M a year at Brickworks Marketplace.
MAT Moving annual turnover: a centre’s sales over the last 12 months.
3National anchors
Woolworths, Big W and Dan Murphy’s bring people in. Forty specialty stores trade on the traffic they create.
Anchor The major retailer a centre is planned around, usually on its longest lease.
7.8 yrsWALE by area
Tenants pay rent under long leases with regular reviews, and 96% of the centre is leased.
WALE Weighted average lease expiry: the average time left on a centre’s leases.
6.07%Targeted cash return
After running costs and interest, net rent is paid to investors. Leasing, development and, in time, a sale can add capital growth.
IRR Internal rate of return: the yearly return over an investment’s life, income and capital together.
Brickworks Marketplace Fund figures from FRP’s fund page. Targets are not guaranteed.
Track Record
In 2019 we opened the 838 Marion Road Fund to buy a large format retail centre in Adelaide’s south. We secured national tenants including Revo Fitness, Toymate, 99 Bikes and X Golf, kept it fully leased and sold it in early 2024, at the end of its five-year term.
Realised results of the 838 Marion Road Fund, 2019 to 2024. Past performance is not a reliable indicator of future performance.
2020
Carnarvon Central, WA
Bought from Charter Hall for $16.1M.
2021
Yanchep Central, WA
$41M, with the development land next door.
2023
Brickworks Marketplace, SA
$85M, off-market, from Charter Hall and Telstra Super.
2024
838 Marion Road, SA
Sold at the end of the fund’s five-year term.
Can I Invest?
Our funds are offered to wholesale investors under the Corporations Act. Three questions show which test you may meet. It takes 30 seconds and it isn’t advice.
Our People
Founded in Adelaide in 2003 and run by its directors from Westpac House. The people who buy, lease and manage our centres are the people you speak to, and they leave no stone unturned.
Benjamin Fusco
Director
Capital transactions, joint ventures and acquisitions.
Adrian Rivish
Founding Director
Investor relations, with over 21 years in finance and property.
Ross Parisi
Director
Finance, strategy and operations.
Anthony Del Borrello
Investment Management
Investment strategy, leasing, acquisitions and development.
FAQs
Something else? Call 1300 273 327 or email investors@frpcapital.com.au.
Our funds are offered to wholesale investors. Broadly, that means investing $500,000 or more in a fund, or holding a qualified accountant’s certificate showing net assets of at least $2.5 million or gross income of at least $250,000 in each of the last two financial years. Companies, trusts and SMSFs can qualify too. Try the Wholesale Check, then talk to us.
The Diversified Essential Services Fund has a $50,000 minimum. The minimum for each fund is set out in its Information Memorandum.
The Diversified Essential Services Fund targets a net distribution of 6.05% a year, paid monthly. Distributions come from rent after costs and interest. They are not guaranteed and can change.
Property values can fall, tenants can leave, and interest rates and costs can rise. Your money is committed for the fund’s term or under its redemption terms. Each Information Memorandum sets out the risks in full, and we suggest independent financial advice before you invest.
Yes. Our funds were designed with SMSF investors in mind, where the fund meets the wholesale tests. Your accountant or adviser can confirm the investment fits your fund’s investment strategy.
Holdings are recorded with Registry Direct, where you can log in to see your statements and distributions, and our team keeps investors updated on each fund and its centres.
Yes. Advisers and accountants can request fund documents for a client and speak directly with our directors. Choose Financial Adviser or Accountant in the form below.
Fund Documents
Tell us which fund interests you. We’ll send the Information Memorandum and Investment Summary, or call to talk it through.
Already investing with us? Investor Login. Leasing a shop? leasing@frpcapital.com.au
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