Kelkap
Property Fund
Bella Bellaria
Burlington Terrace
The Coach House
Exact restoration and quiet symbolism
Dimora Rosso
In the heart of Albert Park
About Kelkap Funds Management - Kelkap operates at the intersection of premium property development and institutional fund management. On one side, our development team acquires and transforms architecturally significant properties into exceptional homes. On the other, our fund management arm structures the capital that makes it possible — enabling sophisticated investors to participate in each project alongside us, through a licensed, regulated, and independently governed investment structure.
Minimum Investment
86,000 AUD
86,000 AUD
Target Hold Period
2-
2-
5 Months
5 Months
Investor Type
Institutional & HNW WHSL
Institutional & HNW WHSL
Funds Closed
0 - Fully Subscribed
0 - Fully Subscribed
Minimum Investment
86,000 AUD
Target Hold Period
2-
5 Months
Investor Type
Institutional & HNW WHSL
Institutional & HNW WHSL
Funds Closed
0 - Fully Subscribed
0 - Fully Subscribed
Fund History — A track record of fully subscribed offerings Every Kelkap fund raised to date has been fully subscribed. The following is a summary of our fund history, from our inaugural Albert Park offering through to our most recently closed East Melbourne raise.
View All Funds
Fund History — A track record of fully subscribed offerings Every Kelkap Property Fund raised to date has been fully subscribed. The following is a summary of our fund history, from our inaugural Albert Park offering through to our most recently closed East Melbourne raise.
View All Funds
KA4 — Coming Soon
The Investment Strategy — Kelkap's strategy is deliberately focused and repeatable. We target premium residential real estate in tightly held, high-demand urban locations across Australia — markets where quality is consistently undersupplied and buyer appetite from the top end of the market is structurally deep — acquire at or below market value, execute a high-quality transformation, and sell at completion.
Acquire. Transform. Divest.
01 Identitfy
02 Acquire
03 Transform
04 Divest
Our Investment Committee screens Melbourne's inner-city residential market for properties that meet our strict acquisition criteria: location quality, structural opportunity, feasibility margin, and proximity to our operational network. Only properties that pass multi-stage due diligence — including independent API-qualified valuations — are presented for approval.
Once approved, the Sub Trustee acquires the property on behalf of the project sub fund. Investor capital is combined with senior debt (at conservative LVR levels) to fund acquisition, stamp duty, professional fees, and holding costs. All funds are held in trust — ring-fenced to the specific project.
Kelkap oversees the full renovation or redevelopment scope using contracted, insured builders working to fixed-price contracts. Architectural quality is non-negotiable. Every project is designed to achieve a step-change in the property's gross realisable value — maximising the gap between total project cost and sale price.
Our experienced and esteemed management team is committed to ensuring your investments flourish. Effective investment oppurtunities, responsible decision-making, and complete transparency are our cornerstones.
01 Identitfy
02 Acquire
03 Transform
04 Divest
Our Investment Committee screens Melbourne's inner-city residential market for properties that meet our strict acquisition criteria: location quality, structural opportunity, feasibility margin, and proximity to our operational network. Only properties that pass multi-stage due diligence — including independent API-qualified valuations — are presented for approval.
Once approved, the Sub Trustee acquires the property on behalf of the project sub fund. Investor capital is combined with senior debt (at conservative LVR levels) to fund acquisition, stamp duty, professional fees, and holding costs. All funds are held in trust — ring-fenced to the specific project.
Kelkap oversees the full renovation or redevelopment scope using contracted, insured builders working to fixed-price contracts. Architectural quality is non-negotiable. Every project is designed to achieve a step-change in the property's gross realisable value — maximising the gap between total project cost and sale price.
Our experienced and esteemed management team is committed to ensuring your investments flourish. Effective investment oppurtunities, responsible decision-making, and complete transparency are our cornerstones.
KA1 — Fully Subscribed
Albert Park Fund 1
Property: 23 Reed Street
Suburb: Albert Park, VIC 3206
Status: Fully Subscribed — Closed
KA2 — Fully Subscribed
East Melbourne Fund 1
Property: 398 Albert Street
Suburb: East Melbourne, VIC 3002
Status: Fully Subscribed — Closed
KA1 — Fully Subscribed
East Melbourne Fund 2
Property: 400 Albert Street
Suburb: East Melbourne, VIC 3002
Status: Fully Subscribed — Closed
KA4 — Coming Soon
East Melbourne Fund 4
Property: 208-212 Clarendon Street
Suburb: East Melbourne, VIC 3002
Selected Projects
Our Values — Join us in the future of real estate investing, where sophistication and Client Centered Excellence converge. Experience the benefits of ethical investing, expert knowledge, and esteemed management with Kelkap.
About Kelkap
01. Client Centered Excellence
02. SMSF Investing
03. In-Depth Expertise
04. Esteemed Management
05. Accessibility
06. Fractional property investing
Your unique goals are our priority. We listen attentively, analyse meticulously, and ensure the client experience is second to none. With an emphasis on client first approach to all aspects of the investors journey.
Investor may be eligible to invest through their SMSF. This could be a very powerful tool. Please consult a financial adviser to see whether or not this may be applicable in your own circumstances.
Our team boasts deep insights into the complexities of the real estate market. Each opportunity goes through rigorous testing, to ensure it meets the criteria set by the investment committee.
Our experienced and esteemed management team is committed to ensuring your investments flourish. Effective investment oppurtunities, responsible decision-making, and complete transparency are our cornerstones.
KELKAP offers an accessible gateway to real estate investment and fixed-income opportunities with a reduced capital threshold, extending the sophistication of property ownership to a broader range of investors.
Investors have the opportunity to purchase a percentage (or fraction) of the property based on their investment amount. For example, if a property is worth $1 million and an investor contributes $100,000, they would own a 10% stake in that property.
01. Client Centered Excellence
02. SMSF Investing
03. In-Depth Expertise
04. Esteemed Management
05. Accessibility
06. Fractional property investing
Your unique goals are our priority. We listen attentively, analyse meticulously, and ensure the client experience is second to none. With an emphasis on client first approach to all aspects of the investors journey.
Investor may be eligible to invest through their SMSF. This could be a very powerful tool. Please consult a financial adviser to see whether or not this may be applicable in your own circumstances.
Our team boasts deep insights into the complexities of the real estate market. Each opportunity goes through rigorous testing, to ensure it meets the criteria set by the investment committee.
Our experienced and esteemed management team is committed to ensuring your investments flourish. Effective investment oppurtunities, responsible decision-making, and complete transparency are our cornerstones.
KELKAP offers an accessible gateway to real estate investment and fixed-income opportunities with a reduced capital threshold, extending the sophistication of property ownership to a broader range of investors.
Investors have the opportunity to purchase a percentage (or fraction) of the property based on their investment amount. For example, if a property is worth $1 million and an investor contributes $100,000, they would own a 10% stake in that property.
01. Client Centered Excellence
02. SMSF Investing
03. In-Depth Expertise
04. Esteemed Management
05. Accessibility
06. Fractional property investing
Your unique goals are our priority. We listen attentively, analyse meticulously, and ensure the client experience is second to none. With an emphasis on client first approach to all aspects of the investors journey.
Investor may be eligible to invest through their SMSF. This could be a very powerful tool. Please consult a financial adviser to see whether or not this may be applicable in your own circumstances.
Our team boasts deep insights into the complexities of the real estate market. Each opportunity goes through rigorous testing, to ensure it meets the criteria set by the investment committee.
Our experienced and esteemed management team is committed to ensuring your investments flourish. Effective investment oppurtunities, responsible decision-making, and complete transparency are our cornerstones.
KELKAP offers an accessible gateway to real estate investment and fixed-income opportunities with a reduced capital threshold, extending the sophistication of property ownership to a broader range of investors.
Investors have the opportunity to purchase a percentage (or fraction) of the property based on their investment amount. For example, if a property is worth $1 million and an investor contributes $100,000, they would own a 10% stake in that property.
Selected Projects
Register your interest, KA4 — East Melbourne 3. Property: Coming Soon, Min Investment: $100k,Status: Register Your Interest.
Property: 208-212 Clarendon Street,East Melbourne, VIC
Request the Investor Pack Detailed returns, project feasibility, and the full fund structure — on request.
We don't publish project-level return data publicly — not because we have anything to hide, but because context matters. Returns need to be understood alongside the project structure, the capital stack, the risk factors, and the full Information Memorandum. Our Investor Pack provides all of this in one place, and our team is available to walk you through it. To receive the Kelkap Property Fund Investor Pack — including project feasibility summaries, the fund structure overview, and details on upcoming opportunities — contact us directly.
Request the Investor Pack — Detailed returns, project feasibility, and the full fund structure — on request. We don't publish project-level return data publicly — not because we have anything to hide, but because context matters. Returns need to be understood alongside the project structure, the capital stack, the risk factors, and the full Information Memorandum.
We don't publish project-level return data publicly — not because we have anything to hide, but because context matters. Returns need to be understood alongside the project structure, the capital stack, the risk factors, and the full Information Memorandum. Our Investor Pack provides all of this in one place, and our team is available to walk you through it. To receive the Kelkap Property Fund Investor Pack — including project feasibility summaries, the fund structure overview, and details on upcoming opportunities — contact us directly.
Request the Investor Pack Detailed returns, project feasibility, and the full fund structure — on request.
We don't publish project-level return data publicly — not because we have anything to hide, but because context matters. Returns need to be understood alongside the project structure, the capital stack, the risk factors, and the full Information Memorandum. Our Investor Pack provides all of this in one place, and our team is available to walk you through it. To receive the Kelkap Property Fund Investor Pack — including project feasibility summaries, the fund structure overview, and details on upcoming opportunities — contact us directly.