Latest News


Water fund reaps 32pc gain, El Nino offers more

The water trading fund managed by listed private equity company Blue Sky Alternative Investments has achieved a return of more than 32 per cent in fiscal 2015 as farmers flock to cheaper land and invest in high-return crops in the areas where the fund has purchased water.



City is main attraction

Blue Sky Private Real Estate and Construction Control have commenced construction on The Establishment, an eight-storey designer complex on Kangaroo Point’s Main Street. Featuring 105 apartments (25 one bed, 72 two bed and 8 three bed), a rooftop pool and a BBQ recreation area with panoramic views of the city, the signature building will integrate the suburb’s classic character.



Blue Sky flies higher with more student digs

Blue Sky Private Real Estate has secured a premium site on Latrobe Street in Melbourne’s CBD, to deliver a 793 bed purpose built student accommodation facility. The 1,321 square metre site is strategically located within walking distance of RMIT, the University of Melbourne, and Melbourne Central Train Station. This is the third student accommodation development site for Blue Sky Private Real Estate, who earlier this year secured two Brisbane sites to deliver over 1,000 rooms in the Queensland capital. The company is currently progressing a fourth site in the Adelaide CBD to provide an additional 400 student beds. Blue Sky Private Real Estate have amassed a development portfolio of more than 2,200 student accommodation beds worth more than $350 million over the past 12 months, and the company is actively reviewing additional sites across the country with a view to building a 5,000+ bed purpose-built student accommodation portfolio.



Blue Sky Private Equity backs leading pharmacy services provider

In its largest deal to date, Blue Sky Private Equity has acquired a majority share in HPS, for an undisclosed amount, to take a stake in the growing $2.3 billion hospital pharmacy market. Blue Sky partnered with Partners Group for the investment. HPS and its network of pharmacies is Australia’s leading outsourced hospital and oncology pharmacy services business, with annual turnover in excess of $130 million and 430 staff across its network, backed by long-term contracts with blue chip customers such as Healthscope, Calvary and St John of God.



Vivo jumps at management rights as falling dollar boosts tourism

Vivo Property, backed by Blue Sky Private Real Estate, has quietly amassed serviced and permanent apartments throughout Queensland and Northern Territory since opening its doors in 2013. The company’s largest deal to date saw it acquire the management rights to three Southport Central Gold Coast Towers for more than $7 million, comprising more than 700 apartments.