# Aland Equity Group property funds expansion > Live situation record from CLSTR: https://clstr.news/situations/aland-equity-group-property-funds-expansion > Updated: 2026-08-31T00:34:47.000Z. Sources: 2. Developments: 2. Aland Equity Group (ASX: AEG) is implementing a capital-light property funds model to manage large-scale residential developments without upfront land acquisition. The strategy was first applied at the Elm Grove Heights land release in Bungendore, New South Wales, through a 24-month Management Rights Agreement. Under this arrangement, Aland’s subsidiary manages subdivisions and sales, earning a fee of $140,000 per lot sold with an expected income of approximately $75,000 per lot after costs. Managing director David Nolan indicated the platform is expected to deliver profitability in FY27. Building on this initial implementation, the company is expanding the model to the Chinnerys precinct in Bungendore and the Yarrabilly development in Cowra. The Chinnerys project, comprising roughly 3,200 lots, is estimated to generate approximately $160,000 in income per lot after costs. At a projected rate of 200 lot sales per year, the company targets roughly $32 million in annual fund income through this expanded strategy. ## Timeline ### 2026-08-31: Aland Equity Group secures management rights for Elm Grove Heights Aland Equity Group has signed a management agreement for 56 residential lots at Elm Grove Heights in Bungendore, marking the launch of its capital-light property funds strategy. 2 sources. https://clstr.news/cluster/aland-equity-group-secures-management-rights-for-elm-grove-heights ### 2026-08-27: Aland Equity Group targets $32m annual income via new property model Aland Equity Group is applying a capital-light property model to its Chinnerys and Cowra developments, targeting $32 million in annual income through improved capital efficiency. 2 sources. https://clstr.news/cluster/aland-equity-group-targets-32m-annual-income-via-new-property-model --- Cite as: Aland Equity Group property funds expansion. CLSTR, https://clstr.news/situations/aland-equity-group-property-funds-expansion