Hall & Wilcox advises KM Property Funds on the restructure and retail offering of Community and Social Services Property Fund

1 March 2022

Hall & Wilcox has advised KM Property Funds on the restructure and retail offering of its Community and Social Services Property Fund.

The Fund is a multi-asset, open-end unlisted property fund that will focus on investing in assets that provide basic goods and services to the community. The Fund will invest in a diverse portfolio of real estate assets tenanted by operators providing community and social services, such as childcare and education, health wellbeing and fitness, specialist disability and affordable housing and neighbourhood retail.

Further, the Fund intends to offer regular capped withdrawal opportunities, subject to available liquidity, which will be facilitated through the Fund holding investments in A-REITs, cash and cash-like products.

Partner Vince Battaglia led the Hall & Wilcox team, assisted by Lawyers Nina Mao and Charlie Renney.

Hall & Wilcox advised KM Property Funds on restructuring the Fund to facilitate a flexible sub-trusts structure, amending the constitution to facilitate the Fund’s features, registering the Fund with ASIC and preparing the Product Disclosure Statement for the Fund’s retail offering.

Partner Vince Battaglia said: ‘It was a pleasure to work with KM Property Funds to bring to market a fund which allows retail and wholesale investors to contribute to the Fund’s investments in education, health, housing and other social services.’

Hall & Wilcox is a leading independent law firm of more than 900 people, including over 100 partners. We service corporate, public sector and private clients, both Australian-based and those offshore doing business in Australia.