About
IP Generation is a private investor and fund manager of commercial real estate which employs a management intensive, private equity style approach to acquiring and running our portfolio of investments. We acquire assets we judge to be mispriced, implementing clear asset improvement strategies with an intensive, hands-on management approach.
Strategy-led, sector agnostic investor
IP Generation selectively acquires resilient commercial real estate assets which it has strong conviction in the ability to generate asymmetric returns.
The portfolio comprises of 17 major Australian commercial real estate assets across a mix of retail, office, and mixed use.
$2.2b
Assets under management.
17
Major commercial real estate assets.
18.5%
Average IRR on realised investments*.
1117
Tenants across portfolio.
Since its 2018 inception, IP Generation has grown quickly in size and reputation, with a consistent goal to identify, acquire, and reposition mispriced properties, while implementing clear asset improvement strategies with an intensive, hands-on management style to achieve optimal returns for investors.
Disruption within the retail property sector in 2020 and 2021 opened up pockets of opportunity in retail assets. IP Generation sought to capitalise on this opportunity growing from 4 assets to 12 with the acquisition of Mildura Central Shopping Centre, Bega Village Shopping Centre, a 50% joint venture in Westfield Helensvale, and the NSW Essential Retail Trust, comprising of 6 shopping centres.
More recently, IP Generation has capitalised on structural changes within the retail property sector through our recent acquisitions of Glendale City Centre, and David Jones Bourke Street and Cranbourne Park Shopping Centre (50%) as part of the IPG Special Situations Income Fund
IP Generation has successfully exited four major commercial real estate assets, securing a weighted average IRR of 18.5%* for investors.
Investment Philosophy
Utilising our wide industry network in a bid to identify Australian assets that can be acquired via a non-competitive ‘off market’ process, IP Generation applies a rigorous screening and due diligence process to each prospective investment.
Target assets will typically feature a combination of positive underlying fundamentals, together with unrealised performance potential which can be unlocked by:
a) developing clear and actionable improvement strategies in the pre-purchase phase (including repositioning, re-leasing, refurbishment or re-development);
b) driving performance via intensive, hands-on asset management approach; and
c) capitalising on market conditions or special situations to opportunistically acquire assets at below intrinsic value.
While pricing and intrinsic value assessment form the basis of IP Generation’s investment analysis, IP Generation’s overarching mandate is to identify assets in which it has strong conviction in the ability to generate asymmetric returns – where the upside return potential is judged to be greater than the downside risk.
IP Generation is focused on strong financial stewardship, and an experienced Board and investment committee that is committed to ensuring IPG functions within the legal and regulatory framework, maintaining ethical standards and protecting the interests of investors.
IPG is the holder of an Australian Financial Services Licence #476564, authorising IPG to provide financial services to wholesale clients.
Retail Assets Track Record
IP Generation has developed a strong track record, implementing effective asset management strategies to deliver investors returns with a disciplined focus on returning capital.
*Past Performance is not a reliable indicator of future results.
+45%
Sale premium to acquisition value on Richmond Mall divestment*
+24.5%
Premium to acquisition price upon Torquay Village's $49.8m divestment sale*
23%
Achieved investor IRR on sale of 23 Baines Crescent*
14%
Achieved investor IRR on sale of Torquay Village*
+79%
Sale premium to acquisition value on Miranda Mall divestment*
IP Generation Team
IP Generation brings together an experienced team of industry leaders and highly skilled specialists spanning across financial services, fund management, asset management and development.
Assets Under Management
Current portfolio comprises of 17 assets across Victoria, New South Wales, South Australia, Queensland and Western Australia with a combined value of over $2.2 billion.