Project 626UR25
Project Type: Put & Call Options
Role & Contribution: JV - Working, Serviceability, and Partial Equity Partner
Impact: Created funding for 1 future project
The property, located at 626 Underwood Road, was purchased off-market on 24 June 2025 for $3.0 million. With a landholding of 10,670m² in an Emerging Community zone and supported by strong comparable sales in the area, the project was designed as a short-term value play with multiple clear exit strategies.
Our primary strategy was to resell the property “as is” to capture the significant discount to market value secured at acquisition. Throughout the project, our team engaged leading agents and leveraged the site’s strong fundamentals: its premium size, strategic location near Brisbane CBD and Sunnybank, and its development potential under the Rochedale urban community neighbourhood plan.
The project achieved excellent results:
Total Development Cost (TDC): $3.577 million
Equity Raised: $1.45 million
Gross Sales: $3.72 million
Return on Equity (ROE): 10.23%
Annualised ROE: 20.69%
Acquisition Date: 24 June 2025
Settlement of Sale: 19 December 2025
This outcome demonstrates the strength of Mateo Group’s acquisition strategy, unlocking value through disciplined buying and targeted exit planning.
