The Commercial Real-Estate Value-Add Income Fund (CREVAIF) is a specialised division of Wizel Property and Pearl River Group (WPPRG) which focuses on the acquisition of commercial property in varying asset classes with a minimum value of $20mil (AUD). The primary characteristic that drives the funds acquisitions is income coupled with the potential to unlock future value within the asset. CREVAIF has been set-up to complement the other divisions of WPPRG, which over the past 12 months have successfully demonstrated the ability to acquire, add value and divest a range of commercial property assets.
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The name “Market Lane” draws on the dedication, endeavour, hard work and opportunities created by Mark Wizel and Lewis Tong’s parents in their respective pursuits to afford a better life for their families. Mark’s father ran a business at Queen Victoria Market in Melbourne and Lewis’s parents ran an import retail business called Silk Lane.
In respect to their parents, “market” and “lane” were combined to build the company now known as Market Lane Developments - the meaning of a market is to foster the gathering of people to purchase and sell goods, and lane describing the avenue or direction in which this happens. This provides good context to the groups focus in acquiring and developing large format retail properties throughout Australia, and to continue building a strong reputation that upholds their roots.
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The Monash Commercial Property Investment Fund (MCPIF) has been set-up to take advantage of a short to medium term value-driven opportunity. MCPIF is focused on servicing its private investor base through the acquisition of value-add property in the $500,000 to $10,000,000 price bracket.
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MCPIF is Fully Subscribed & 100% Deployed -
Advise Transact is a specialised division of WPPRG that services high-profile investors and enables them to dispose of their prized commercial properties in an effective, professional and considered manner. We understand that selling down a large asset is not an easy decision and see the imperative for a team that fully understands (first hand) what is involved in the entire life-cycle of preparing and executing on the disposal of a commercial property.
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Born out of a need to service the shop-fitting requirements of our retail operators, Fitout Solutions assists new and/or established retailers in tackling the challenge of fitting out their new location. Our service covers the full scope of work required to fit out a shop, ensuring the timely and well executed delivery of a location that is ready to commence trading.
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Medical Property Services
Wizel Property Group specialises in helping a range of businesses find new properties suitable for their medical business through a variety of services and expertise. If you are an operator in the medical space and wanting to open an additional practice or expand your existing property let us know your requirements below.
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