Richard Noble & Company purchases an interest in property funds manager and asset management company, Quadrant Investments.

One of Australia’s oldest private companies, Richard Noble & Company, has expanded their property service offerings, purchasing a 50 percent stake in established property fund manager Quadrant Investments. The strategic investment and partnership was identified by Richard Noble & Company’s managing director, Alex Gregg, as an opportunity to deliver significant growth from the Quadrant Investments business, leveraging Richard Noble & Company’s 107 year track record and success in the property sector.

According to Quadrant Investments’ Chief Investment Officer, Phillip Fogliani, the partnership stood out as an ideal match, with the two companies exercising a similar focus on wealth creation for their clients.

“Quadrant Investments’ core philosophy has never been to grow its funds under management at all costs, but to target significant opportunities for investor returns. This investor-first approach will ultimately organically grow the business as a trusted investment partner that delivers results. From that solid foundation, the rest will look after itself.” commented Mr Fogliani. “This client-first approach matches the ethos of Richard Noble & Company, and it is an approach which has driven its success and the growth of a very loyal client base over its 107-year history. It really was a perfect fit.”

According to Mr Fogliani, the significant investment by Richard Noble & Company will not only continue the property fund manager’s growth trajectory, but also add appreciable depth in resources and expertise to cater for that growth.

Richard Noble & Company was formed in 1913 and involved in Perth’s real estate history over that time, with a hand in the development and sale within prominent Perth suburbs such as Mount Lawley, Maylands, Bicton, Bayswater and, more recently Waterford, Bull Creek, Connolly, Quinns Rock, Success, Hammond Park, Lesmurdie and North Fremantle. Steered by Managing Director Alex Gregg, representing the fourth generation of the family-run business, it currently has 17 employees servicing the Company’s property management division and the delivery of their clients’ land pipeline in excess of 2,000 lots.

Quadrant Investments was launched in May 2017, upon the key appointment of experienced property industry executive Phillip Fogliani as its Chief Investment Officer, and contracted its first assets to the Quadrant Investments Large Format Retail Trust No 1 in November 2017. It has since added the QI Value Add Income Trust No 1 to the funds under its management and now has total funds under management in excess of $50m.

Phillip Fogliani (left) managing director at Quadrant Investment, with
Alex Gregg to join as co-director.

As testament to the resilience of the business, Quadrant Investments came to the fore during the challenging circumstances surrounding Covid-19, securing over 3,300 square metres of new leases and renegotiating extension leases within its portfolio. Coupled with an anticipated valuation uplift in assets since the establishment of its Large Format Retail Trust No 1 in 2018, Quadrant Investments has positioned itself not only as a trusted, well-regarded property funds manager with deeply-secured foundations, but also as an attractive fund manager in the sector.

Quadrant Investments’ Chief Investment Officer and co-owner, Phillip Fogliani, will also assume Managing Director duties, while Mr Gregg will join as Co-director.

Interested in learning more about Richard Noble & Company? Visit their website here.

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We are delighted to announce that our established multi-property fund has settled on its fourth acquisition, a multi-tenanted industrial building in the core northern Perth industrial locality of Wangara.

The acquisition by the QI Diversified Income Trust No 1 sees the addition of two high quality tenants who are both wholly owned subsidiaries of internationally listed conglomerates in Emerson Electric (NYSE) and Daikin Industries (TYO). 

The diversified fund has now reached 70% of its target size of $40 million. With the previous raisings being highly sought after and with only one further reopening of the fund likely, we encourage you to register your interest to ensure you are first in line for the remaining equity raising.

Investment Highlights

  • Through strategic analysis and selection, the Trust aims to provide investors with stable income return and capital growth over the life of the Trust.
  • QI Diversified Income Trust No. 1 will comprise a multi-property fund with an acquisition target of up to $40,000,000 in combined value of property assets
  • The Trust will focus on the acquisition of high-quality commercial assets in key sectors including retail, health services, industrial and commercial, with a target distribution of 7.0% p.a. over the Initial Term of the Trust.
  • The Trust now holds a portfolio of four assets worth $28,150,000 with a weighted average lease expiry (WALE) of just under 4 years to blue-chip tenants the WA Government, one of Australia’s largest home builders, the ABN Group and respective wholly owned subsidiaries of international companies Emerson Electric (NYSE listed) and Daikin Industries (TYO listed). 
  • The Trust is forecasting a 7.0% p.a. distribution in FY2022 and FY2023 with distributions paid monthly to investors.

About Quadrant Investments
Quadrant Investments is an established fund manager with over $80 million in assets under management. Together with its substantial shareholder and partner, the 108-year-old Richard Noble & Company, our team of experienced professionals have the insight and expertise to deliver long term wealth to our investment partners.

How to Invest 
To invest in this trust, register your interest here to be contacted at the next round of equity raising.