HYECORP Property Fund No 1 Development Complete Thursday, 20 March 2008 HYECORP Property Fund No 1 has completed its development on Victoria Ave in  Chatswood. The development, consisting of 20 two-bedroom apartments, is located in  the heart of Chatswood on Sydney's lower North Shore within close proximity to key  transport links and one of Sydney's largest metropolitan shopping villages.  

"We are very pleased with the success of our first property fund and the interest shown by our shareholders," says Group Director, Michael Abolakian. "The successful capital  raising and construction period was followed by a very successful sales and marketing  campaign which allowed us to capitalise on our property fund model and increase shareholder value."

HPF1 is the first in a series of Property Funds established by HYECORP Property Group since 2006. To date HYECORP has established six property funds with investors and self-managed superannuation funds.

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