MDPFMacquarie Direct Property Fund (Australia)
MDPFMedical, Dental Professional Finance (Australia)
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We are confident that AWG's track record and proven ability to work in a joint venture, will increase the interest in this MDPF vehicle not only to our existing partners, but also to many potential new partners in the field of commercial development.
Through the formation of a joint venture agreement, the MDPF initiative is able to provide 100pc financial backing to viable schemes.
The target would be a return of between 15 and 20 per cent to be split equally between the developer and MDPF.
MDPF is derived from the residential scheme Morrison Residential Investments Limited (MRIL) pioneered by Morrison Developments' sister company, Morrison Homes.
The idea of MDPF is a simple one - any commercial property developer with an economically sound scheme can approach Morrison Developments, which then assesses the viability of the proposal.