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 New Metro Rail project.

The centerpiece of the project was the construction of a new rail line linking Perth to Mandurah.

The fund’s strategy was to acquire properties surrounding stations on the Perth rail network. The fund to date has purchased 18 assets in Burswood, Lathlain, East Perth, Perth and Fremantle with a value of $44.4m.