About This Fund
The MA Hyperdome Town Centre Fund is an unlisted wholesale property syndicate managed by MA Financial Group and its real estate platform IP Generation, acquiring and operating the Hyperdome Town Centre in Shailer Park, Logan City, approximately 25 kilometres southeast of Brisbane's central business district in Queensland, Australia. The fund completed equity raising and asset settlement in December 2025, having raised over AUD 400 million from wholesale and institutional investors to acquire the 44-hectare retail complex from Queensland Investment Corporation (QIC) for AUD 678.7 million — the largest-ever sale of a 100 percent interest in a Queensland regional shopping centre, sold by CBRE as exclusive agents.
The fund employs a value-add real estate strategy targeting a 16 to 18 percent internal rate of return over a five-to-seven-year holding period, with distributions projected to grow from an initial annualised yield of 8.0 percent to 10.0 percent by the end of the forecast period. The fund is structured as a single-asset wholesale syndicate available exclusively to wholesale and institutional investors, with initial loan-to-value ratio of approximately 50 percent against a 60 percent covenant. The Hyperdome site comprises a 73,090 square metre shopping centre anchored by Kmart, Big W, Woolworths, Coles, ALDI, and Event Cinemas; a 22,487 square metre Home Centre across four buildings with 21 tenancies; peripheral pad sites; an office building; and approximately nine hectares of surplus land earmarked for future development.
The fund's underlying asset, Hyperdome Town Centre, is 98 percent leased and delivering record trading performance anchored by essential non-discretionary retailers with stable, resilient cash flows. MA Financial Group, listed on the Australian Securities Exchange (ASX: MAF), has expanded its real estate platform through IP Generation to focus on large-format Australian retail and mixed-use assets offering durable income and capital growth. The Hyperdome acquisition followed MA Financial's earlier regional retail investments and represents the firm's largest single-asset real estate transaction to date. Strong institutional demand supported the equity raise exceeding AUD 400 million, underscoring appetite for high-quality Queensland retail assets with long-term growth catalysts including surplus land for future development.