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Fortnightly Briefing
Welcome to our fortnightly briefing, with updates from our portfolio, potential investment opportunities, upcoming events, and reflections from the world of impact investment. In news this week:
  • The Byron Shire Council sent a commendation to Impact Investment Group and our investors congratulating and thanking us for our action against pokies machines;
  • We were proud to attend the launch of Takayna, a beautiful short film by Patagonia Films. We encourage everyone to watch the film (for free, online) and contribute to the campaign to save the Tarkine Rainforest in Tasmania;
  • Our Giant Leap Fund reached final closer earlier this year and is now dedicating all efforts to finding and investing in start-ups that aim to produce superior financial returns while delivering measurable social impact;
  • We attended the launch of the Victorian Energy Policy Centre this week. To be based at Victoria University, the centre will examine consumer protections, market trends and the development of a sustainable energy industry;
  • Lendlease continues the timber revolution in the construction industry, winning planning approval for a second timber tower in Barangaroo; and
  • A new study in New York and London examines the role of culture in economic development.

Please read on below!
 

 

Byron Shire Council Sends Commendation to IIG and Our Community

The Byron Shire Council has congratulated and thanked IIG for our work removing pokie machines from the Byron Bay Beach Hotel: 

"Byron Shire Council wishes to commend your action to remove poker machines from the Beach Hotel, Byron Bay...This deliberate action to remove and sell poker machines from the Beach Hotel not only assists in improving the wellbeing of the Byron Shire community, but it sets a precedent for other venues across NSW and Australia to aspire to."

Importantly, the Council is also taking their own action in engaging with other pokies venues in the shire:

"Council will now be writing to all venues with poker machines in the Byron Shire to open a dialogue with venue owners about whether there is more interest in the divestment of poker machines, in favour of other business models, as the Beach Hotel has been able to demonstrate."

 

Takanya: Patagonia's New Film on the Fight to Save the Tarkine

Our friends at Patagonia have released their latest film, this time a beautiful portrait of Takanya in Tasmania, one of the last undisturbed tracts of Gondwanan rainforest in the world. Yet this place, which remains largely as it was when dinosaurs roamed the planet, is currently at the mercy of destructive extraction industries, including logging and mining. Weaving together the conflicting narratives of activists, locals and Aboriginal communities, and told through the experiences of a trail running doctor and a relentless environmentalist, this documentary unpacks the complexities of modern conservation and challenges us to consider the importance of our last truly wild places. Link: Patagonia.

 

Giant Leap Seeking Impact Entrepreneurs

Our Giant Leap Fund is Australia's first venture capital fund dedicated to start-ups that aim to produce superior financial returns while delivering measurable social impact. We reached final close earlier this year with $15 million in committed capital from investors including Small Giants, Intrepid Travel founders Darrell Wade and Geoff Manchester and the Atlassian Foundation. We are now in full-deployment mode. Will Richardson (our Head of Venture Capital): “Our doors are wide open and we encourage founders and entrepreneurs to get in touch by email, phone or social media.” Link: ProBono News

 

The Victorian Energy Policy Centre Launches

This week we attended the launch of the Victorian Energy Policy Centre. Australia's energy debate undoubtedly needs greater scrutiny and independent economic analysis and the Centre, to be based at Victoria University, will examine consumer protections, market trends and the development of the energy industry. 

"It will look towards building the energy systems of the future, not [focused] on propping up the failing policies of the past," the office of Lily D'Ambrosio, Victoria's Energy Minister, said in a statement. Link: SMH

 


 

Lendlease Further Commits to the Timber Construction Revolution

Lendlease has won planning approval for its second timber tower in Sydney’s Barangaroo South. The new tower, a sister to International House completed last year, will comprise 10,000 square metres of office space over six floors above ground-floor retail. The building will be known as Daramu House, which means “tree house” in the local Aboriginal language. We are proud to be working alongside Lendlease on our own timber building, 25 King in Brisbane. The use of innovative wood product for commercial construction is only gaining momentum! Link: Commercial Real Estate


 

How Culture Shapes Economic Development

Younghusband is our heritage development project in Kensington, Victoria. Our vision for this site is a beautiful industrial village dedicated to the common good. As part of this vision we have engaged deeply with the local community; including artists, entrepreneurs, activists, community groups and residents. Our focus is on creating a diverse tenant mix on this unique heritage site. This recent, unique study on the role of culture in economic development is a fascinating examination of the complex factors in the development of communities. There are no easy answers, but as custodians of properties across Australia, we are committed to taking a thorough, human-centred approach to our work in the built environment. Link: City Lab

 

Current Opportunities

 

The IIG K5 Property Trust

We are proud to present the opportunity for wholesale clients to co-invest with IIG in the Trust that will own 25 King, a brand new A-grade commercial office tower in the heart of the $2.9 billion Brisbane Showgrounds redevelopment. 25 King will boast innovative design and state-of-the-art technology. It will also be the Queensland headquarters of Aurecon, a global engineering and environmental consultancy firm, who has committed to occupy the building as its anchor tenant for 10 years.

The IIG Solar Asset Fund

This fund provides wholesale investors with the opportunity to co-invest with IIG in an unlisted portfolio of Australian solar infrastructure assets. Some are currently under construction. The Fund aims to produce long term cashflows with low correlation to other asset classes and economic conditions.

 


Our investment opportunities are only open to wholesale clients. If you would like to be sent the investment brochure or IM for the above Trusts, or be notified when we have other opportunities available for investment, please get in touch.

e: services@impact-group.com.au
p: (03) 8534 8060
If you are considering an investment in any investment opportunity referred to in this newsletter, you must read the relevant information memorandum in its entirety. Please note that our investments are only open to wholesale clients. If you are unsure about your status as a wholesale client (as defined in the Corporations Act), please contact your accountant or advisor.  If this email provides financial product advice, it is limited to general advice to wholesale clients only, and does not take into account your current or future financial circumstances. The content of this newsletter is to be read subject to the following disclaimer on our website (with references to "website" to be read as references to this newsletter). Use of any private information is governed by our privacy statement.

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