Overview
Babcock & Brown Residential Land Partners (BLP) is a listed vehicle managed by Babcock & Brown which invests in a diversified portfolio of quality residential land projects which are developed by a range of leading private developers.
BLP was listed on the Australian Securities Exchange on 30 June 2006.
BLP offers Securityholders liquidity, geographic, project and product diversity, access to quality private developers, long term potential for growth and, importantly, the benefit of access to Babcock & Brown's considerable experience in the real estate sector.
The current portfolio comprises interests in 20 residential land development projects located in Australia and New Zealand with a total lot yield on acquisition of over 13,300 lots. These projects are being developed by an experienced group of partners including PRM Property Group (which BLP owns a 60% interest), Urbex, Metricon Group, Winten Property Group, Citta Property Group and Links Living, in Australia and Darby Partners in New Zealand.