New Property Fund 7EVEN Capital to Help Deliver over $1B of Projects

A new property fund 7EVEN Capital, is seeking to raise $150M in its first round to help deliver one of the Sunshine Coast’s first luxury hotels.

7EVEN Capital, founded by Daniel Sette and Jamie Baldwin, is the first property development fund for which BMYG Capital, (a company under Boman Group) serves as trustee, with BMYG Capital currently overseeing assets exceeding $600 million.

7EVEN Capital has been established to help deliver a $1B pipeline of projects spanning residential, commercial, build-to-rent and hotel.

The first asset under management for 7EVEN Capital will be a 77-room boutique hotel on the Sunshine Coast that has garnered attention from hotel brand Marriott International to operate a “first-class” hotel.

The DA for the Sunshine Coast hotel was submitted last month by developer 5IVE Co with the hotel to provide much-needed accommodation within the region and create the first-ever luxury experience within Caloundra.

Drawing inspiration from the rocky headlands of Caloundra Headland, the design by Fraser and Partners will reach eight storeys high and include a ground-level lobby, cafe and reception, as well as a rooftop with a lounge area and pool, complete with panoramic view lines over Bulcock Beach.

7EVEN Capital Chief Investment Officer Daniel Sette said the property fund was established to help developers across Australia bring their developments to life.

“Whether it’s boutique residential projects or large-scale commercial ventures, 7EVEN Capital is dedicated to supporting developers at every stage of their journey. The Sunshine Coast is an untapped market when it comes to hotels and we are excited to help bring this development to life.

“We are excited to work alongside industry leaders such as BMYG Capital, who will act as the fund trustee of 7EVEN Capital,” he said.

Boman Group Chief Operating Officer Jesse Zhang said the company was excited to be representing an independent fund trustee within the property space.

“As trustee of the 7EVEN Capital Fund, we are thrilled to collaborate with 7EVEN Capital to bring their exciting projects to life in the dynamic residential and hotel sectors, capturing the essence of modern living and current trends. We look forward to contributing to a portfolio that stands out in quality, sustainability, and appeal,” said Jesse.

For more information, please visit https://www.7evencapital.com.au/.