This article is from the Australian Property Journal archive
Brisbane based property developer APH, Jim Goldburg’s Friday Group and Anthony Moreton Group have launched a new property group.
The new venture, APH Capital Partners, is looking to accelerate more than $1 billion in projects on the drawing board.
APH Capital Partners will be equally owned by APH, the Friday Group and Anthony Moreton Group and was created as a stand-alone vehicle to compliment each of their existing businesses.
APH’s managing director John Wilson said separately APH, Friday Group and Anthony Moreton Group each have their own areas of expertise in the property industry.
“But together we can create the complete property vehicle with skills at every stage of a development from the original concept through to structured finance and funds management,” he added.
The immediate goal for the new group is to develop projects in the APH workbook, and to actively explore growth opportunities for the new business including expanding into funds management with a view to establishing property trusts.
Wilson said APH Capital Partners would help accelerate a host of quality projects identified by APH in conjunction with Anthony Moreton Group. These include developments at 480 Queen Street (known as the Red Cross Building), 545 Queen Street and Hope Island.
“APH Capital Partners is the ultimate vehicle to drive a billion dollars worth of projects that we have currently on our books.
“On top of that there are several other opportunities on the backburner that we’ll now be able to ramp up,” he added.
Anthony Moreton Group will offer structured finance experience and funds management expertise to the company and Flight Centre Limited founder Jim Goldburg’s Friday Group will contribute high-level corporate knowledge and a wealth of experience in property development.
By Kathryn O’Meara
