Now open for investment, Jarra Investment Trust Thirty Four (the Fund) is a single-asset fund developing a new Carlile Swim School in Success, Western Australia.
Anchored by a leading national swim school operator in a premium location, the Fund presents a de-risked project that will be supported by a strong long-term lease commitment prior to investment, offering attractive target returns.
The fund reflects Jarra’s existing strategy to de-risk projects, including planning approval, leasing commitment, and construction pricing, prior to investment. “By completing these milestones prior to investment, we seek to materially reduce development risk while providing exposure to a high-quality social infrastructure asset underpinned by a long-term commitment from a leading national operator,” noted Jarra‘s Commercial Director, Mike Cameron.
Jarra Development Director, Stefan Piruk added that ‘the Carlile Swim development is being developed alongside a new childcare centre, with the land already secured by Jarra. Success is a well-established, growing suburb in Perth’s southern metro, with the population having frown over 10% from 2017-2023. The site presented itself as an attractive opportunity due to it’s high-visibility, being situated on a high-traffic main road with strong street presence, adjacently facing Cockburn Gateway Shopping Centre and close to major transport links such as Kwinana Freeway and the train station.’
Carlile Swim currently operates 32 swim schools across Australia and is owned by Washington H. Soul Pattinson and Company (Soul Patts), a $16 billion ASX-listed investment group with more than a century of operating history.
Jarra is seeking to raise $2.1 million from wholesale investors, with an expected investment term of 24 months. The Fund is targeting an investor return of 23%, pre-tax and net of fees.
Jarra is a progressive fund manager delivering diverse, high-quality investment opportunities to wholesale investors. Over the past 12 months, Funds realised by Jarra have delivered between 1.27x and 2.13x for investors, click here to read our full investment track record.
Applications for Jarra Investment Trust Thirty Four are now open to wholesale investors, with the Information Memorandum available here
Target returns referenced are forecasts only and are not guaranteed. This announcement does not constitute financial product advice. Investors should read the Information Memorandum in full and obtain independent advice before making an investment decision.
