Being constantly ranked second in the world in terms of average wealth per person to Switzerland from 2013 until 2018, Australia overtook Switzerland in 2018. Being the country with the highest average wealth per person, Australia has “produced” many different high net worth individuals until today. The whole combined wealth of Australia amounts to around $8 trillion as of September 2019. The wealthy market economy is flourishing with a GDP of $1.4 trillion in 2019. The economy is one of the most stable worldwide as Australia has been the only advanced country that didn’t suffer from the global financial crisis in 2008. Moreover, Australia has among the highest house prices and some of the highest household debt levels in the world. The just explained environment attracts many high net worth individuals to set up some of their private investment companies, so called single family offices, in Australia. In our new database we collected relevant data and examined the largest single family offices in Australia. In the following article we want to present you three of them that actively invest in real estate.
The mentioned family offices are all part of our list of the largest single family offices in Australia
- Rated 5.00 out of 5
- 49 entries, thereof 35 with E-Mail address, 48 with executive names
- Investment focus: Real Estate, Venture Capital, Private Equity, Financial Products, Renewables
- 23 columns included: Name, Family Name, Estimated Family Wealth, Detailed Investment Focus and exemplary investments, address, phone, e-mail, website…
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- Last update: 23rd November 2020
#1: Leda Holdings, Sydney
Leda Holdings incorporates the private investment office of Bob Ell who is an Australian property developer and businessman with interests in residential, retail, commercial and industrial property. Before founding the Leda Group, a property development company, in 1976, Ell worked as a carpenter. He floated Leda on the Australian Stock Exchange in the late 1980s and privatized the company back in 1990. Bob Ell’s investment and development skills originated in the Sydney industrial property market. Leda’s domination of the Sydney industrial market during the 1980s resulted in its successful expansion across commercial, retail and residential property in NSW, QLD and the ACT. Bob’s single family office, the Leda Holdings, focuses solely on real estate investments in the fields of asset management, project development and construction. Targeted sectors are commercial, retail, industrial and residential. Exemplary investments include 31 Bay Road in Taren Point, the Ipswich Riverlink Shopping Centre and 13-15 Baker Street in Banksmeadow.
#2: Little Group, South Yarra
The Little Group acts as the personal single family office of Paul Alexander Little, an Australian businessman who was the managing director of Toll Holdings, a well-known logistics provider in the Asian region. He stepped down from his position in January 2016 after 26 years of service. Paul Little started his career at Mayne Nickless where he worked hard and got promoted to a national operations manager. He continued at Peko Wallsend as a consultant where he assessed the desirability of purchasing the Toll Holding and then led the takeover which went on to become a prominent Australian transport services provider. On the side Paul began to purchase new businesses as he got more and more familiar with the acquiring process. He then started to buy two new companies every year between 1989 and 2000. Until today, Paul Little has become one of the richest Australian people with an estimated net worth of $950 million. The Paul Little single family office, Little Group, targets private equity and real estate investments with a focus on asset management and project development in the residential and commercial sectors. Notable holdings include, for example, Hedgeley Malvern East in Malvern and the Grace Victoria Quarter in Auckland.
#3: Cape Boulevard Investments, Perth
Cape Bouvard Investments serves as the private investment arm of Ralph Sarich, an Australian automotive engineer, inventor, and businessman who developed the orbital engine. Sarich made most of his wealth through his inventions and his company “Orbital Engine Company” that he founded in 1972. Before he invented the orbital engine, Sarich worked as an engineer with Western Australian Railways between 1954 and 1963. He was plant engineer at Thiess Brothers between 1963 and 1965, in charge on the standard gauge project. Sarich was sales engineer as well as investor in the area of earth moving and industrial machinery before being regional general manager and an investor. As he developed the orbital engine, he became managing director of Orbital Engine Company Pty Ltd, and chief executive officer and chairman of Orbital Engine Corporation. His invention secured him a net worth of $810 million, according to Forbes in 2019. His single family office, Cape Boulevard Investments, mainly focuses on private equity and real estate investments. In real estate, asset management and project development is the way to go for Sarich in the commercial, office and retail sectors. The portfolio includes, for example, the Alluvion in Perth and the EQ12, also located in Perth.
Picture source: Arnaud Mesureur
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