About Kelkap funds — Where development expertise meets investment discipline.
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.
Kelkap Pty Ltd (ACN 672 848 985) is the appointed Investment Manager of the Kelkap Property Fund. Kelkap is a Corporate Authorised Representative (CAR No. 001307532) of LeMessurier Securities Pty Ltd ABN 43 111 931 849 (AFSL 296877) — a licenced financial services framework under which Kelkap is authorised to provide fund management and investment advisory services to the Fund and its investors. This licensing means Kelkap operates within a regulated compliance environment, with obligations to investors that go beyond a standard commercial arrangement.
Kelkap's approach to each project is guided by a capital-preservation-first philosophy: conservative assumptions, independent valuations from API-qualified valuers, disciplined feasibility modelling, and robust governance — before a single dollar of investor capital is committed to any project. This discipline is embedded in our Investment Committee process, which requires multi-member approval, independent due diligence reports, and formal deliberation before any project receives the green light.
Once a project is underway, investors receive monthly reporting covering the cost-to-complete, forecasted completion date, risk register, and cash and debt position. Transparency is not an afterthought — it is built into the operating mandate of the Kelkap Property Fund.
Khaled El-Katateny — Managing Director
Double degree in Commerce and Laws — providing a strong foundation in financial analysis, governance, and legal risk as applied to investment management and capital structuring.
Experience in structured residential value-add and fix-and-flip strategies within premium inner-city Melbourne suburbs, with multiple completed high-end residential projects delivered within defined timeframes.
Prior career advising private clients on portfolio construction and investment strategy across listed equities and broader capital markets — applying capital-markets discipline to property-backed investment structures.
Extensive experience sourcing off-market opportunities, structuring wholesale investment vehicles, and managing projects through the full lifecycle: acquisition, due diligence, construction, completion, and exit.
Commentary on property investment and capital markets featured in the Australian Financial Review, The Sydney Morning Herald, The Age, and The Brisbane Times.
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.
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.
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Register your interest, KA4 — East Melbourne 3. 208-212 Clarendon Street,East Melbourne, VIC
