HMC Australian Retail Partnerships Fund (LML Series II)

*For Institutional Clients Only

The HMC Australian Retail Partnerships Fund (LML Series II) is an unlisted fund with strategically aligned investors, focusing on essential Daily Needs properties in Australia targeting a ~10%+ levered IRR.

The Fund will target core plus assets to add value and unlock growth through active remixing exiting non-core tenants and build-out major and mini-major tenants (i.e. supermarkets, LFR, health & wellbeing and other daily needs categories).

Compelling risk-adjusted returns underpinned by defensive income streams and the potential to unlock additional value and growth

$1 billion

Target Fund Size

10% levered IRR

Target Return

Assets

Fund Strategy

The HMC Australian Retail Partnerships Fund (LML Series II) forms part of the Last Mile Logistics Fund, targeting core plus and value add assets (sub regional, neighbourhood &anp; LFR assets) with upside via repositioning into essential last mile real estate infrastructure.

Non-discretionary, Essential Real Estate

Non cyclical sub sectors providing core Daily Needs product and services
Low correlation to traditional retail
Target no exposure to Department Stores and minimal fashion and apparel

Strategic Last Mile
Infrastructure

Key growth corridors with outsized population growth
Low site coverage with ability to develop excess land

Attractive Valuation Fundamentals

Inflation protected returns with embedded growth through fixed or CPI-linked escalations
Outsized returns relative to risk profile
Investment grade rated major tenants

The LML Fund represents the first of a series of future institutional funds which leverage HMC Capital's proven track record.

The Team

Management Team

Marie Nguyen

LML Fund Manager

Scott Muir

Financial Controller

HMC Australian Retail Partnerships Fund(LML Series II)