ID Land expands sites and launches Funds Management arm

28 July 2021

Multi-billion-dollar developer ID_Land has announced its diversification into private funds management with the launch of Title Capital, a capital raising and funds management arm that will offer direct investment opportunities via its growing portfolio of projects, while also announcing the acquisition of two further sites in Gisborne and Armstrong Creek that will add $400m to its $2.5bn pipeline.

Title Capital will provide the opportunity for sophisticated wholesale investors and family offices to co-invest in residential developments as directors Matthew Belford and Jeff Garvey enter a period of sustained growth and expansion across the diversified portfolio.

Title Capital, Shape Homes and ID_Land will now sit under the newly created ID_Corp group of companies, representing the diversified interests of the Group across development, construction and capital.

ID_Land’s newest Gisborne acquisitions encompass two parcels, an 86ha residentially zoned site – one of the last residentially zoned parcels in the Gisborne township – and 180ha of farmland adjacent; the residential site will be developed in to a master-planned community, and follows the success of the $250m Willow estate in Gisborne, which launched in 2019.

ID_Land paid circa $100m for the Gisborne sites, which were handled by Biggin & Scott Land’s Frank Nagle and Andrew Egan.

Coupling the announcements is another transaction for ID_Land, where the developer has amalgamated a number of sites again along Barwon Heads Road in Armstrong Creek to create its fourth land estate in the region, Haymont, consisting of over 400 lots with an end value of over $100m.

The recent acquisition formed Title Capital’s second Geelong Development Fund, which is now fully subscribed.

The Gisborne and Armstrong Creek acquisitions reflect the confidence the group has in the regions, with regional projects now encompassing over 35% of ID_Land’s $2.5bn portfolio.

The ID_Corp group of companies currently turns over $300m per annum, with Garvey and Belford forecasting to increase its annual turnover to $500m with an expansion strategy that will see the group replicate its current operations and development strategy in south-east Queensland.

ID_Land first announced a strategic reweighting of its portfolio in 2016 to encompass more medium density projects, before unveiling its built-form construction arm, Shape Homes, soon after.

Shape Homes now builds upwards of 350 dwellings per annum, both within the Group’s portfolio and beyond.

“ The launch of ID_Corp and expansion into funds management is the culmination of our long-term strategy, and underpins the group’s next phase of expansion across our different business divisions.

“ As our pipeline continues to expand, Title Capital will provide the opportunity to co-invest alongside Jeff and myself in residential developments in Australia’s best-performing regions.

“ Recent acquisitions in Gisborne and Armstrong Creek reflect the confidence we have in the regions, with five ID_Land projects either delivered or currently in development across these two important locations,” Belford said.

“ Our group’s journey to date has given us a blueprint for expansion into other parts of Australia, with south-east Queensland currently top of our list – our team is on the ground and actively seeking acquisitions in the region,” Garvey said.