Adelaide businessman Ross Makris launches new private property fund

·

Adelaide businessman Ross Makris has launched a new private property fund, Interstellar Capital, in an attempt to capitalise on the sell off of major shopping centres.

Interstellar Capital is backed by local and overseas investors, and hopes to target regional and sub-regional shopping centres across Australia being sold by large retail property trusts.

The company board is being led by Adelaide lawyer Christopher Townsend and will explore opportunities in prestige retail, luxury hotels and development projects.

Ross Makris with his commercial property magnate father Con Makris in 2003.
Ross Makris is the son of commercial property magnate Con Makris. Ross is pictured here with his father in 2003.

“It’s a new company, it’s something I’ve been meaning to do for several years,” Makris said about his decision to launch Interstellar Capital.

“A lot of the institutions are shying away from the larger shopping centres, due to the lack of discretionary spending, and a number of institutions have had a run on their funds by retail investors. The LPTs (listed property trusts) which dominate this industry need liquidity, so we see a lot of opportunity for at least the next two to three years.”

Source: The Advertiser.

Advertisement

Share:

KEEP UP TO DATE WITH TGH

By subscribing you accept our Terms of Service and Privacy Policy.

Advertisement

Latest News

Archbishop Makarios leads Doxology service marking start of new Law Term in NSW

Archbishop Makarios led the Doxology Service marking the start of the New Law Term in NSW at the Cathedral of the Annunciation of Our Lady.

Steve Dimopoulos MP defends longer duck hunting season, increased kill count in Victoria

The Victorian government has announced an extended duck hunting season for 2025, allowing hunters more time and a larger daily bag limit.

Australian Ambassador to Greece meets with Dodecanese MP to discuss bilateral ties

Mika Iatridis, Dodecanese MP, held a productive meeting with Australian Ambassador to Greece, Alison Duncan, in Athens.

Nick Kyrgios slams Jannik Sinner’s ‘unfair’ doping settlement

Nick Kyrgios has criticised the WADA's settlement with world No. 1 Jannik Sinner, which sees the Italian receive a three-month ban.

Ios becomes fourth island to be placed in a state of emergency amid earthquakes

Ios has become the fourth Cycladic island to be placed in a state of emergency due to recent seismic activity in the region.

You May Also Like

Academic Nikos Papastergiadis to analyse Christos Tsiolkas’ work in upcoming event

‘Facing the fall: humanism after nihilism in Christos Tsiolkas’ writing’ will run as part of the GCM's Greek history and culture seminars.

‘Friendship the only solution’: Istanbul mayor meets with Athens counterpart and Greek PM

Athens mayor Kostas Bakoyannis is hosting Istanbul mayor Ekrem Imamoglu on a two-day cultural tour of the city.

Voting, language, digitisation: Greece’s Deputy Minister for Foreign Affairs talks with diaspora

The Deputy Minister of Foreign Affairs for Diaspora Greeks, Konstantinos Vlasis, has addressed the Australian Hellenic community tonight.