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.
How It Works - A structured investment in a single asset. Each Kelkap fund is a unit trust — an Australian investment vehicle that allows multiple investors to collectively own an interest in a project they couldn't access individually. When you invest, you subscribe for Units in a specific fund class that corresponds directly to one project and one property. Your capital is not pooled across multiple deals. You know exactly what you are invested in.
The fund operates for the duration of the project — typically 12 to 18 months from property acquisition to sale settlement — and returns capital to investors once the property is sold and the debt repaid. There are no ongoing distributions during the project term. All value is realised at exit.
Each project is funded by a combination of investor equity and senior debt. This capital structure allows Kelkap to execute projects that are otherwise inaccessible at the individual investor level, while keeping LVR ratios at conservative levels to maintain a buffer against adverse market movements.
How It Works - A structured investment in a single asset. Each Kelkap fund is a unit trust — an Australian investment vehicle that allows multiple investors to collectively own an interest in a project they couldn't access individually. When you invest, you subscribe for Units in a specific fund class that corresponds directly to one project and one property. Your capital is not pooled across multiple deals. You know exactly what you are invested in.
The fund operates for the duration of the project — typically 12 to 18 months from property acquisition to sale settlement — and returns capital to investors once the property is sold and the debt repaid. There are no ongoing distributions during the project term. All value is realised at exit.
Each project is funded by a combination of investor equity and senior debt. This capital structure allows Kelkap to execute projects that are otherwise inaccessible at the individual investor level, while keeping LVR ratios at conservative levels to maintain a buffer against adverse market movements.
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.
Investment Parameters — Investments of this nature are speculative. You should read the Information Memorandum in full and seek independent financial, legal, and tax advice before making any investment decision.
Who Invests in the Kelkap Property Fund — A product tested by those who do this for a living. The Kelkap Property Fund has attracted capital from some of Australia's most discerning private investors. Our investor base includes family offices, institutional investors, and high-net-worth individuals — people who evaluate investment structures professionally and hold them to a high standard before committing.
Who Invests in the Kelkap Property Fund — A product tested by those who do this for a living. The Kelkap Property Fund has attracted capital from some of Australia's most discerning private investors. Our investor base includes family offices, institutional investors, and high-net-worth individuals — people who evaluate investment structures professionally and hold them to a high standard before committing.
The fact that sophisticated institutional capital chooses to participate in the same structure available to you says something meaningful — not about exclusivity, but about rigour. These are investors with access to every asset class and every product type available in the market. They choose the Kelkap Property Fund because the governance is sound, the strategy is disciplined, and the structure is transparent.
Every fund we have raised has been fully subscribed. We do not advertise broadly. Participation has grown organically — through the experience of investors who have been through one fund, understood what they were looking at, and returned for the next.
The fact that sophisticated institutional capital chooses to participate in the same structure available to you says something meaningful — not about exclusivity, but about rigour. These are investors with access to every asset class and every product type available in the market. They choose the Kelkap Property Fund because the governance is sound, the strategy is disciplined, and the structure is transparent.
Who Invests in the Kelkap Property Fund — A product tested by those who do this for a living. The Kelkap Property Fund has attracted capital from some of Australia's most discerning private investors. Our investor base includes family offices, institutional investors, and high-net-worth individuals — people who evaluate investment structures professionally and hold them to a high standard before committing.
The fact that sophisticated institutional capital chooses to participate in the same structure available to you says something meaningful — not about exclusivity, but about rigour. These are investors with access to every asset class and every product type available in the market. They choose the Kelkap Property Fund because the governance is sound, the strategy is disciplined, and the structure is transparent.
Every fund we have raised has been fully subscribed. We do not advertise broadly. Participation has grown organically — through the experience of investors who have been through one fund, understood what they were looking at, and returned for the next.
Every fund we have raised has been fully subscribed. We do not advertise broadly. Participation has grown organically — through the experience of investors who have been through one fund, understood what they were looking at, and returned for the next.
Who Invests in the Kelkap Property Fund — A product tested by those who do this for a living. The Kelkap Property Fund has attracted capital from some of Australia's most discerning private investors. Our investor base includes family offices, institutional investors, and high-net-worth individuals — people who evaluate investment structures professionally and hold them to a high standard before committing.
The fact that sophisticated institutional capital chooses to participate in the same structure available to you says something meaningful — not about exclusivity, but about rigour. These are investors with access to every asset class and every product type available in the market. They choose the Kelkap Property Fund because the governance is sound, the strategy is disciplined, and the structure is transparent.
Every fund we have raised has been fully subscribed. We do not advertise broadly. Participation has grown organically — through the experience of investors who have been through one fund, understood what they were looking at, and returned for the next.
Institutional Investors
Sophisticated capital deployers who value the trust structure, independent custodian oversight, ASIC-licensed governance, and project-level asset segregation.
Family Offices
Multi-generational wealth structures seeking short-duration property exposure with institutional governance and clearly defined exit pathways.
High-Net-Worth Individuals
Experienced private investors seeking direct exposure to premium property projects — without the concentration risk, management burden, or complexity of direct ownership.
Self-Managed Super Funds
SMSF trustees seeking unlisted property exposure with a defined term and a transparent, professionally governed project structure. Subject to trustee eligibility criteria.
All investments are open to eligible wholesale investors only. Minimum investment $100,000 AUD. Investors must satisfy wholesale investor criteria under the Corporations Act 2001 (Cth) and provide required documentation prior to subscription.
Make an enquiry
Make an enquiry
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. 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.