Perth Rail Link Trust

Fund Overview
The Perth Rail Link Property Trust was founded in May 2004 to focus on property rezoning opportunities arising from the Western Australian Government’s $1.66 billion Metro Rail project.  The centrepiece of the project was the construction of a new rail line linking Perth to Mandurah.  The fund’s strategy was to acquire properties close to stations on the Perth rail network.  All but one asset have been divested in this portfolio, with the final asset being currently marketed for sale.
Inception Date 2004
Fund Status Closed
Fund Term 14 years


The key strategy focus of PRL Trust was on acquiring properties within a 5 km radius of the Perth CBD, specifically, those close to stations on the recently developed Perth rail network.


We have an excellent track record in rezoning, having successfully completed over 50 major land use changes in the past five years.  As a testament to this outstanding performance, numerous assets in this fund that required a rezoning submission were successfully completed. 

Track Record

PRL was launched in 2004. A total of 18 assets were acquired, 17 of which have since been divested.


Balancing heritage & progress