Background

DomaCom Limited was conceived and founded by Arthur Naoumidis, founder of ASX-listed Praemium Limited – a technology based portfolio administration service providing an outsource solution for hundreds of accountants, financial planners, stockbrokers, SMSF administrators and institutions, on behalf of hundreds of thousands of clients with tens of billions of dollars in assets.

With over 30 years in financial services technology development, Arthur has once again created a technology solution to a traditional investment market, i.e. property, where it is needed most.

Arthur’s vision to facilitate fractional investment will change the way in which people invest in property. It will open and improve the market and help investors and their advisers achieve their goals more efficiently and with lower risk.

Overview

DomaCom Australia Limited is the operator of an investment platform offered through an ASIC registered Managed Investment Scheme, the DomaCom Fund, ARSN 167 020626.

Using the latest internet technology and equity (share) market concepts such as Separately Managed Accounts and Multi-level Managed Investment Schemes, the DomaCom platform will enable investors to get into the property market in a similar manner to investing in public companies.

The DomaCom Fund is a managed investment fund that enables investors to select properties of their choice in which they would like exposure to. Via a bookbuild process, investors can commit as much as they want towards the eventual purchase of the property/ies of their choice together with other like-minded investors. When a bookbuild is complete DomaCom purchases the property, places it in a sub-fund and issues the investors with units in proportion to the amount they invested.

The DomaCom Fund simulates an investment in property, carrying out the due diligence process of conveyancing, valuation and property inspection, but through a regulated structure enabling multiple people to ‘own’ a share of the property.

A liquidity facility enables investors who wish to liquidate their holding to sell their units to other investors.

In order to invest in a Sub-Fund an investor must first deposit the amount of their investment in an interest bearing Cash Pool. Once the Investor has chosen which property/ies they wish to invest in, their funds are quarantined until the book build process is complete and the property acquired.

DomaCom has appointed Perpetual Trust Services Ltd to be the Responsible Entity and Perpetual Corporate Trust Ltd as the Custodian for the Fund. Perpetual holds the title for each property.

Ultimately, investors can select any Australian properties to invest in from residential, commercial, rural, retail, industrial and resort/leisure property lists.

For more information, visit the DomaCom Fund page.