The MAB Development Fund was a mezzanine debt fund which provided finance to a range of development projects sourced and managed by MAB Corporation.

Established: March 2004

Wound up: May 2007

Projects funded:

  • University Hill, Bundoora, Victoria
  • Northcorp Industry Park, Broadmeadows, Victoria
  • National Business Park, Campbellfield, Victoria
  • Translink Business Park, Keilor Park, Victoria

The Fund’s loans were entitled to an aggregate return and comprised of:

  • Base Return (approximately 8% per annum)
  • Performance Return (up to 7% per annum) if forecast sales revenue was achieved
  • Out Performance Return (up to 10% of Excess Sales Revenue ) if forecast sales revenue was exceeded

Sales expectations were exceeded and the Fund achieved an average annual return of 17.6% per annum during its life.