IP Generation is an investor and boutique fund manager of commercial real estate which employs a management intensive, private equity style approach to acquiring and running its portfolio of investments. IP Generation currently manages over $1.8 billion of assets across a mix of retail, office, and development. IP Generation’s mandate is to identify assets in which it has strong conviction in the ability to generate asymmetric returns – i.e. where the upside return potential is judged to be greater than the downside risk. IP Generation utilises its wide Industry network in a bid to identify assets that can be acquired via a non-competitive ‘off market’ process, and applies a rigorous screening and due diligence process to each prospective investment. Target assets will typically feature a combination of positive underlying fundamentals, together with unrealised performance potential which can be unlocked by: a) developing clear and actionable improvement strategies in the pre-purchase phase (Including repositioning, re-leasing, refurbishment or re-development); and b) driving performance via its intensive, hands-on asset management approach. While sector agnostic, IP Generation has identified that significant disruption within the retail property sector in recent years caused both structural changes (increasing penetration of online retailing) and cyclical challenges (COVID-19), has opened up pockets of opportunity that meet its Investment mandate, and this continues to be an area of focus. IP Generation made its first foray into the retail property sector with the acquisition of the Coles and Woolworths-anchored ‘Corio Village’ December 2019 – upon which a major repositioning strategy was commenced. This was followed by the acquisition of the Sunraysia region’s dominant sub-regional shopping centre ‘Mildura Central’ in March 2021. More recently, IP Generation acquired a $300 million portfolio of six supermarket anchored sub-regional centres in metropolitan and regional NSW which now form part of the IPG Essential Retail Trust.