Track Record
Realised, not projected
Royal Oak is a young platform by design — but its outcomes are real. Two vehicles have completed their full cycle and returned capital to investors; two remain active. Every figure below is labelled for exactly what it is.
Realised outcomes — completed vehicles
45.87%
Investor ROE over the life of the investment
Greenfield development of the Treendale Home & Lifestyle Centre, Australind WA — developed, stabilised and divested to ASX-listed Region Group for $53 million in approximately two years. Investor IRR 18.04% p.a.
18.49% p.a.
Realised IRR, repaid two months early
Preferred-equity private credit supporting a medium-density residential development in the Perth metropolitan area. Twelve-month facility repaid in ten months, delivering a realised 15.19% return on equity — an annualised IRR of 18.49% p.a.
LFR Unit Trust 1 ·Preferred Equity Unit Trust 1
The realised asset — Treendale Home & Lifestyle Centre
Active Vehicles
Interim positions — unrealised
Two vehicles remain active. The movements below are valuation-based NAV positions, not realised returns: the assets have not been sold, values may fall as well as rise, and neither figure is an annual or periodic rate.
~51%, up since inception
Movement on equity since inception
Valuation-based position on current NAV since inception (July 2022). The asset — 1 Cambridge Street, West Leederville — has not been sold. Based on an independent valuation by JLL dated 18 June 2026. The trust was established as a two-year fund; unitholders agreed to extend the term to November 2028 so the asset can be realised at the most appropriate point in the cycle — see the fund page for detail.
~22%, up since inception
Movement on NAV since inception
Unrealised revaluation movement following the strategic lease renewal completed at settlement, based on an independent valuation by JLL dated 6 November 2025. Not an annual or periodic rate.
Office Unit Trust 1 ·Industrial Trust 52 ·How we price units
Advisory
The advisory transaction record
Beyond its own vehicles, Royal Oak structures and places debt for borrowers across the lender universe — banks, debt funds and government agencies. More than $360 million arranged across the transactions below.
$137,000,000
Major global debt fund
Inner-metropolitan Perth residential build-to-sell construction facility.
$112,000,000
Major global debt fund
Inner-metropolitan Perth residential build-to-sell construction facility.
$75,000,000
Australian bank
Metropolitan Perth sub-regional shopping centre — construction and investment, seven-year facility.
$26,500,000
Australian bank
Regional Western Australia retail construction facility, non-recourse.
$12,000,000
Australian debt fund + government agency
West Perth office acquisition and green repositioning.
Royal Oak Asset Management Pty Ltd (CAR No. 1297058) and Alex Gismondi (AR No. 1297050) are authorised representatives of Wholesale Securities Pty Ltd (ABN 89 601 790 470, AFSL No. 466877).