Blackfox Property Group
Blackfox Property Group is a Sydney-based boutique commercial real estate fund manager that invests on behalf of wholesale and sophisticated investors across Australian retail, office, industrial, hospitality, and development sectors, managing over $2.2 billion in assets under a private equity-style active management approach.
- Company typePrivate
- Founded2014
- HeadquartersSydney, Australia
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Blackfox Property Group does
Blackfox Property Group Pty Ltd is a Sydney-based boutique commercial real estate fund manager and investor, founded in 2014 by Marc Schwartz and operating under Australian Financial Services Licence No. 477413. The firm manages over $2.2 billion in assets across retail, office, industrial, hospitality, and development sectors spanning NSW, QLD, VIC, and WA, and targets exclusively wholesale clients and sophisticated investors as defined under the Corporations Act 2011 (Cth). Its active portfolio includes large-format retail hubs (Toowoomba, Shepparton I & II, Newcastle), industrial facilities (Tomago, Padstow), hospitality assets (Great Southern Hotel Berry, previously The Australian Hotel Ballina), specialist disability accommodation (Rydalmere), creative workspace (Doody Street Studios), and a brownfield mixed-use development site (Wickham Growth Precinct).
The company employs a private equity-style active management approach, acquiring undervalued or below-replacement-cost assets and unlocking value through redevelopment, repositioning, and lease renegotiation. Co-investment alongside capital partners aligns manager and investor interests, with reported track record IRRs of 12-20% on active assets and historical exits including a 32% IRR on BCF Retail Hub and 13.5% IRR on Carpet Call Retail Hub. Revenue is generated through fund management fees on wholesale-investor vehicles supplemented by returns from co-investment, though specific pricing, fee rates, and ticket sizes are not publicly disclosed.
Distribution is relationship-based and direct, with no intermediaries or third-party distribution partners. Investor onboarding is handled through a 'Register your Interest' workflow on the website and the Automic investor portal, supported by a lean 1-10 employee team led by Managing Director Greg Edelmuth (previously AMP Capital), founder Marc Schwartz (Macquarie Bank, Pascoes), Executive Director Greg Bachmayer (architect), and Non-Executive Director David Schwartz (founding director of Primewest).
Blackfox Property Group firmographics
Firmographics- Name
- Blackfox Property Group
- Legal name
- Blackfox Property Group Pty Ltd
- Website
- https://blackfoxproperty.com
- Company type
- Private
- Founded year
- 2014
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Blackfox Property Group is a Sydney-based boutique commercial real estate fund manager that invests on behalf of wholesale and sophisticated investors across Australian retail, office, industrial, hospitality, and development sectors, managing over $2.2 billion in assets under a private equity-style active management approach.
- Ownership category
- akta.pro rank
Blackfox Property Group industry classification
Industry- Product category
- Commercial Real Estate Fund Management
- NAICS
- Portfolio Management and Investment Advice (523940), Other Financial Vehicles (525990), Funds, Trusts, and Other Financial Vehicles (525)
- SIC
- Real Estate Agents & Managers (For Others) (6531), Investors, Nec (6799), Real Estate Dealers (For Their Own Account) (6532)
- akta.pro primary industry
- Real Estate Portfolio & Fund Management (Institutional/REIT/PE) (BPAJAMAJ)
- akta.pro secondary industries
- Capital Raising Advisory (Debt/Equity/Private Capital) (BPAHADAG), Capital Markets Advisory (Equity Placement, JV & Recapitalization) (BPAJABAL)
Keywords
Where Blackfox Property Group is headquartered
LocationHeadquarters
- HQ city
- Sydney
- HQ country
- Australia
- HQ region
- Oceania
Offices2 records
Markets served
Blackfox Property Group business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Infrastructure, Supply Chain
Revenue model
- Fund Management Fees: Blackfox Property generates revenue through fund management fees charged to wholesale investors who co-invest in their managed property funds. As a boutique fund manager with AFSL No. 477413, the company actively manages assets to maximise value and deliver returns.
- Investment Returns from Co-investment: The company co-invests alongside capital partners, aligning interests. They take a private equity-style approach—actively managing assets to unlock hidden value through redevelopment, repositioning, and leasing improvements—and generate returns through capital appreciation and distributions.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels3 records
Blackfox Property Group product offering
Product offeringCore offering
Blackfox Property Group is a boutique commercial real estate fund manager that raises capital from wholesale and sophisticated investors under Australian Financial Services Licence No. 477413, and actively manages a diversified portfolio of retail, office, industrial, hospitality, and development assets across Australia. The firm co-invests alongside its capital partners and pursues a private equity-style approach of acquiring undervalued assets and unlocking value through redevelopment, repositioning, and lease improvements.
Product overview
Blackfox Property Group is a boutique commercial real estate fund manager and investor offering a portfolio of actively managed property assets across Australia. The company's product suite comprises individual commercial real estate investments across multiple sectors: creative/office spaces (Doody Street Creative Studios), hospitality venues (The Australian Hotel, Great Southern Hotel Berry), specialist disability accommodation (Rydalmere Specialist Living), large-format retail hubs (Newcastle Retail Hub, Toowoomba Retail Hub, Shepparton Retail Hub, Shepparton Retail Hub II, The Good Guys Retail Hub), industrial facilities (Tomago Industrial Gateway, Padstow Industrial Gateway), and mixed-use development sites (Wickham Growth Precinct). Blackfox manages over $2.2 billion in assets across retail, office, and development sectors, taking a private equity-style approach to actively manage assets and deliver strong returns for wholesale investors.
Differentiator
Problem solved
Functional benefit
Products and services
- Commercial real estate fund management Boutique actively managed commercial real estate funds across retail, office, industrial, hospitality, and development sectors in Australia. Available exclusively to wholesale clients (HNW individuals, family offices, sophisticated investors) under Australian Financial Services Licence No. 477413, with the firm co-investing alongside investors to align interests. AUM exceeds $2.2 billion.
- Co-investment opportunities Co-investment alignment offering where Blackfox Property invests its own capital alongside capital partners in pooled property vehicles. Provides investors with aligned interests and access to individual undervalued assets being repositioned via redevelopment, leasing improvements, or tenant mix enhancement.
- Active asset management Private equity-style active asset management service covering acquisition, redevelopment, repositioning, and leasing improvements across the portfolio to unlock value and deliver target IRRs of 12-20% for investors.
- BFP Opportunity Trust 1 (and similar opportunity/trust vehicles) Named pooled fund vehicle used by Blackfox Property Group to acquire specific commercial real estate assets (e.g., BFP Opportunity Trust 1 used to acquire the Toowoomba Retail Hub in 2024). Targeted at wholesale investors seeking diversified exposure to specific property strategies.
Companies that use Blackfox Property Group
Customer profileNamed customers1 record
Segments1 record
Ideal customer profiles1 record
Blackfox Property Group technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
Blackfox Property Group partnerships and signals
Strategic signalScale indicators3 records
Recent moves6 records
Expansion highlights4 records
Blackfox Property Group competitors and assessment
Company assessmentDirect peers
- EG Funds Management: Boutique Australian real estate fund manager specialising in active asset management and value-add strategies for wholesale investors. Comparable scale and direct competitor for HNW and family-office CRE mandates.
- Primewest: Australian boutique commercial real estate fund manager with a comparable AUM scale and PE-style active management approach. Notably, Blackfox NED David Schwartz is a founding Director of Primewest, making it the closest lineage peer.
- Ashe Morgan: Australian boutique CRE investment manager with similar value-add focus and wholesale-investor base. Targets undervalued assets across industrial, retail, and office with active management, mirroring Blackfox's playbook.
- Impact Property Group: Boutique Australian CRE investor with comparable value-add mandate and wholesale investor base. Similar deployment across retail and industrial sub-sectors with active management overlay.
Broad incumbents
- Centuria Capital Group: ASX-listed real estate fund manager (CNI) with significant industrial and healthcare exposure. Comparable AUM growth trajectory and wholesale-investor focus, with broader product suite including REITs.
- Charter Hall Group: ASX-listed CRE fund manager (CHL) with $80B+ AUM across office, industrial, retail, and social infrastructure. Represents the scaled institutional competitor Blackfox is targeting to migrate towards.
- Lendlease Real Estate Investments: Global CRE investment platform with significant Australian institutional capital management. Provides scale benchmark and competition for institutional capital partnerships Blackfox seeks to access.
- Cromwell Property Group: ASX-listed CRE investment manager with diversified office, retail, and industrial portfolios. Provides a comparison point for how a boutique CRE manager scales into a listed institutional platform.
- AMP Capital Real Estate: Institutional Australian CRE manager where Managing Director Greg Edelmuth previously ran the Office & Logistics platform within a $30B portfolio. Direct pedigree connection and benchmark for institutional-scale operations.
Regional players
- Gresham Partners: Australian-focused real estate advisory and capital markets firm. Comparable in boutique scale and advisory-led capital raising to wholesale investors, though transaction-focused rather than principal-investing.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Blackfox Property Group social profiles
Digital presenceBlackfox Property Group compliance and trust
Trust signalCompliance5 records
Blackfox Property Group financial estimates
Financial estimateRevenue estimate
Valuation estimate
Blackfox Property Group leadership team
Management profileNumber of profiles
Profiles4 records
Blackfox Property Group funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Blackfox Property Group M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Blackfox Property Group
What does Blackfox Property Group do?
Blackfox Property Group is a boutique commercial real estate fund manager that raises capital from wholesale and sophisticated investors under Australian Financial Services Licence No. 477413, and actively manages a diversified portfolio of retail, office, industrial, hospitality, and development assets across Australia. The firm co-invests alongside its capital partners and pursues a private equity-style approach of acquiring undervalued assets and unlocking value through redevelopment, repositioning, and lease improvements.
Is Blackfox Property Group a public or private company?
Blackfox Property Group is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Blackfox Property Group founded?
Blackfox Property Group was founded in 2014. It employs 1 to 10 people.
Where is Blackfox Property Group based?
Blackfox Property Group is headquartered in Sydney, Australia, in the Oceania region.
How does Blackfox Property Group make money?
Two revenue lines are on record. Fund Management Fees are the primary driver. The others are investment Returns from Co-investment.
Who are Blackfox Property Group's main competitors?
Direct peers on record are EG Funds Management, Primewest, Ashe Morgan and Impact Property Group. Broad incumbents are Centuria Capital Group, Charter Hall Group, Lendlease Real Estate Investments, Cromwell Property Group and AMP Capital Real Estate. Gresham Partners is listed as a regional player.
Does Blackfox Property Group have an API?
No public API is recorded for Blackfox Property Group.
What industry is Blackfox Property Group in?
Blackfox Property Group's product category is Commercial Real Estate Fund Management. Its primary akta.pro industry code is BPAJAMAJ, Real Estate Portfolio & Fund Management (Institutional/REIT/PE), with a secondary code of BPAHADAG, Capital Raising Advisory (Debt/Equity/Private Capital). Its NAICS code is 523940 and its SIC code is 6531.