Former Rabinov Managing Director sticking to the Fundamentals.

By: Gibraltar Property Consultants  05-Apr-2011
Keywords: Property Investment, Investment Property, Property Consultant

Mr Ronald Serry, a lawyer of over 25 years with the former law firm, Jack Cohen & Serry has represented and co-invested with some of Australia’s most revered and admired property investors, including most notably the late Mr Ezriel Rabinowicz (“Rabinov”).

The Serry and Rabinov partnership began in the late 1980’s and it was Rabinov’s solid and unwavering set of investment principles combined with Serry’s legal expertise that led them to several successful significant property transactions, including the Rabinov portfolio sale to Macquarie in 1994, effectively seeding the Macquarie Country Wide Trust and the Rabinov portfolio sale to GE in 1999. Serry and Rabinov went on to establish the ASX Listed Rabinov Property Trust before selling the Management Company to ANZ in 2007 and acquiring it back circa 18 months later. Mr Rabinov’s Estate still ranks today in the BRW Rich List.

Following the passing of Serry’s mentor and investment partner, Mr Rabinov in 2008, Serry positioned the Estate for a passive future and resigned from his position as Managing Director of the listed Rabinov Property Trust (ASX Code: RBV) to establish Gibraltar Property Consultants (“Gibraltar”) in November 2010.

Gibraltar is an independent property investment and advisory firm that will continue representing and investing with and on behalf of Serry’s growing investor “club”. Serry’s primary motivation behind Gibraltar initially however is to re-educate the ‘everyday investor’. Serry’s re-education campaign aims directly at investors on the reasons why so many are no longer receiving their quarterly cheques and in some cases why they have lost their investment entirely in what they had been previously advised as ‘safe investments’.

“The events of the GFC and the implosion of many unlisted and listed REIT’s have left an unjust stigma on commercial property investment. How many fund managers have we heard in the last 18-24 months tell us they’re ‘getting back to the basics’? The truth is that if many did stick to fundamentals and avoided the typical traps of over financial engineering and acquiring B and C grade assets for the sake of management fees, mums and dads would still be receiving their quarterly cheques.”

Gibraltar intends to slowly acquire property and establish syndicates for its ‘club’ of educated investors.  “Gibraltar is in no hurry to acquire property. A property has to tick every box, not just most boxes for us to put our money in and recommend it to our club of investors. But even before we get to that stage, we want to educate property investors and ensure they go into future investments (with Gibraltar or not) with their eyes open.”

Serry will continue education briefings and seminars around Australia directly to investors, clubs and financial planners and expects to involve other like fund managers and proven industry stalwarts. “Ultimately, property investment is simple and reliable but at the moment the market needs to be educated or reminded before we can expect a return to the sector especially from the ‘mum and dad’ investors.”

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Keywords: Buyer Advocate, Buyer Agent, Investment Property, Property Consultant, Property Investment, Property Syndicates, Property Syndication

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