Investor returns are paramount. At Vantage, this drives everything we do.
Our mission is to secure transactions that yield attractive returns based on strict investment criteria.
This is demonstrated by our portfolio of high-quality investment properties, a portfolio that has grown through a disciplined and analytical investment strategy that measures quality and value.
Our focus on investor returns as opposed to business growth means that assets that no longer fit our strict investment criteria are sold to capitalise on stronger market conditions.
Vantage’s pursuit of excellence and stellar reputation reflects our innovative approach to asset management that drives maximum investor returns. While diligent adherence to our investment rules guides our decisions, it does not stifle our capacity to display entrepreneurial flare in order to capitalise on a unique opportunity when it arises.
We take great pride in our successful investment track record and the results we’ve delivered to our investors over the course of almost four decades. Our investment team’s exceptional expertise, diligent research, meticulous planning, and precise execution make us a reliable and trusted partner for our valued clients. Below are examples of exceptional results we have achieved for our investors.
697 Burke Road, Camberwell
697 Burke Road is a six-level office building located in the heart of Camberwell. Situated on the western side of Burke Road within walking distance to Camberwell Junction, this blue-chip location offers easy access to public transport and a very popular local shopping strip. The asset has undergone several upgrades since the acquisition in 1999 and has been a consistently well-performing asset from a leasing perspective.
Purchase Price
$5.1m
Sale price in 2022
$22m
Hold period
24 years
420 St Kilda Road, Melbourne
420 St Kilda Road was acquired by Vantage in partnership with private equity firm KKR as a value add/opportunistic real estate investment. During our short ownership Vantage completed a major capital refurbishment program including ground floor foyer, lifts and base building upgrades. Installation of a high-quality end-of-trip facility and other on-floor tenancy works contributed to a significantly improved asset. During our ownership Vantage increased rental levels by 58% on pre-acquisition levels and sold the property to an offshore private investor.
Purchase price:
$68.84m
Sale price in 2019:
$98 million
Net gain for investors:
41%
Hold period:
2 years
Premium to valuation:
31%
26-28 Prospect Street, Box Hill
26-28 Prospect Street was acquired in 2002. During the ownership Vantage completed numerous upgrade works and successful leasing campaigns. During the last 12 months of ownership Vantage successfully applied for a 30-level mixed-use planning permit. Due to the proposed planning scheme changes, a permit of this scale would no longer be possible under the new scheme to be adopted. This approval broadened the appeal of the asset to a wider potential buyer base and was a determining factor in achieving the highest land rate ever recorded on Prospect Street at the time of the sale.
Purchase price:
$5.9m
Sale price in 2021:
$17.16m
Net gain for investors:
300%
Total return:
16% per annum
Hold period:
19 years
Premium to most recent valuation:
12%
446 Collins Street, Melbourne
446 Collins Street was acquired by Vantage on behalf of a private offshore investor. Throughout our ownership period, capital works included a full upgrade of the HVAC, a building management system, installation of end-of-trip facilities, refurbishment of the foyer and upgrade to various on-floor amenities. Since acquisition, we negotiated 18 new leases resulting in an 84% average rent increase on pre-acquisition rents. The property was sold off-market at a 17% premium to most recent valuation.
Purchase price:
$33.76m
Sale price in 2021:
$72.62m
Net gain for investor:
164%
Total return:
27% per annum
Hold period:
6 years
Premium to valuation:
17%
533 Little Lonsdale Street, Melbourne
Acquired in 2013, Vantage immediately commenced a $2.4 million refurbishment. This comprised refurbishing the ground floor, common area lobbies and tenancy areas as well as replacement of the lifts and air-conditioning system. Vantage negotiated an uplift in passing rents of 43 per cent and managed the sale three years after purchase with a 30% increase above the most recent valuation.
Purchase price:
$19.5 million
Sale price in 2016:
$35.25 million
Hold period:
3 years
Net gain for investors:
79.20%
Total return for investors:
26.4% per annum
Premium to valuation:
30.6%
247 Collins Street, Melbourne
This property was acquired for a single offshore listed investor. Vantage completed the purchase, undertook a refurbishment, fully leased the building and managed the sale within two years of ownership.
Purchase price:
$22.68 million
Sale price in 2017:
$35 million
Hold period:
2 years
Net gain for investors:
74.41% *
Total return for investors:
37.21 per cent per annum
Premium to valuation:
45.83% *
43 Elizabeth Street, Melbourne
Post acquisition in 2000, Vantage managed an extensive refurbishment program including cosmetic changes to the ground floor foyer and an overhaul of the building’s outdated operational system. Reconfiguring the foyer provided greater retail exposure and enhanced income potential. Vantage secured long-term leases for all retail areas and increased the building income by 250%.
Purchase price:
$4.1 million
Sale price in 2013:
$15.5 million
Hold period:
13 years
Net gain for investors:
224.90%
Total return for investors:
17.3% per annum
620 Church Street, Richmond
Purchased in 2001, 620 Church Street was repositioned several times throughout its 15-year ownership with significant refurbishment works undertaken to enhance income returns and create a greater retail amenity. Prior to its sale, Vantage obtained a town planning permit for additional accommodation on the roof of the property. Long-term leases were applied to the office accommodation and the property was sold off market at a 40% premium to valuation.
Purchase price:
$8.25 million
Sale price in 2016:
$23.3 million
Hold period:
15 years
Net gain for investors:
468.74% *
Total return for investors:
30.85% per annum
Premium to valuation:
38.7%
541 Blackburn Road, Mt Waverley
541 Blackburn was purchased in 2003, Vantage refurbished all base building amenities, common floor lift lobbies, the main entry lobby and fully upgraded the other base building services during its ownership. At the time of sale, the asset was 100% leased to a premium and diversified tenant mix with a robust WALE of 3.83 years.
