As a result of its recent acquisition 226 Flinders Lane Melbourne (Invicta House) on behalf of ST Real Estate, Fidinam Australasia Real Estate (Fidinam) is pleased to announce the official opening of its second Australian office in Melbourne, Victoria. Fidinam now manages a substantial portfolio of Melbourne CBD commercial assets on behalf of off-shore investors.
Fidinam is located in Sydney, New South Wales and Increasing its footprint with an office in Melbourne will enable it to provide more “boots on the ground” for investors unable to travel to Australia at this time. Additionally, it supports the investment strategy of our investors who have taken a long-term view of commercial property in Melbourne and Sydney.
The Melbourne office will be managed by Jack Perkins from August 2021, ensuring we can continue to meet the needs of our investors. A local presence will allow us to accelerate acquisition and leasing opportunities, service a greater client base, work more closely with our tenants; while working in real time, allowing us to adapt quickly.
Matthew Burrows, Managing Director of Fidinam in Australia: “To better serve our clients and exposure in the Melbourne market, it seemed like a natural evolution to open a Melbourne office. To be able to internally promote Jack Perkins to run operations in Melbourne is a testament to the growth and culture of the organization.”
Patrick Lardi, Vice Chairman STRE “Having an owner representative on the ground is key to our impressive track record in Australia, and more so during the current boarder closures. Looking forward we are excited to commence the redevelopment of “Invicta House” and “Swan House” in Flinders Lane in Melbourne”.
With a portfolio of commercial assets over AU$500m, Fidinam is looking to grow its portfolio to circa AU$1bn over the next five years, in which Melbourne will play a large role in achieving this. A heavy capital expenditure program is planned over the next two years, with the refurbishment and releasing of over 14,000 square meters of high-end boutique commercial real estate in Melbourne’s CBD.
Alessandro Pedrinoni, CEO Fidinam in Asia Pacific: “We are excited by the ongoing expansion of Fidinam in the Region and the establishment of our Melbourne office is another step to increase our reach and ability to service clients better.”
Fidinam is an international firm, offering tax, business, real estate and digital consulting services to companies, entrepreneurs and individuals. Established in 1960, it is present in Europe, Asia Pacific and the Middle East. The establishment of the Melbourne office celebrates the opening of Fidinam’s ninth office outside of its native Switzerland.
Fidinam (Australasia) Real Estate has been dedicated to the management of real estate assets, with a central focus on adding value and driving returns for investors. Whether it's a single small property or large complex portfolio, with its 30+ years of experience and owner focused approach, investors can be assured that their real estate assets are in good hands.
About ST Real Estate
ST Real Estate Holding Inc. (STRE) commenced investing in Australia in 2010, driven by the motto ‘Re-thinking risk in a more uncertain world” as a result of the GFC, and this is even more pertinent now after COVID-19. STRE’s strategy regarding risk diversification is based on an innovative and proven approach, combining exposure to Asian growth, through real estate investments in Sydney and Melbourne and expanding real estate strategy in the United States. As a result of this strategy STRE is directly and indirectly exposed to over 50% of global GDP. Today STRE controls approx. $1bnAUD in real estate assets in Australia and the United States.
For more information please contact:
Fidinam (Australasia) Real Estate
Mobile +61 411 643 435
Level 1, 64 Clarence Street
SYDNEY NSW 2000 AUSTRALIA