Croston is an institutional real estate group specialising in development, construction and asset management across the nation's principal markets.
01The Platform
One platform across the full lifecycle - from origination and capital structuring through planning, delivery and asset performance.
We combine the underwriting discipline of an institutional investment manager with the delivery capability of leadership formed at Tier-1 scale. Every engagement is underwritten, governed and reported to the standards expected by institutional capital.
Croston Group is an Australian institutional real estate platform spanning development and project management, investment management, asset management and construction advisory.
We operate across the full lifecycle - from site origination and capital structuring through design, delivery and asset performance - creating value for capital partners, landowners and communities.
The platform was founded on a conviction: that the underwriting rigour of global investment managers and the delivery intelligence of Tier-1 contractors belong in the same room. Our leadership has held senior roles across investments, pre-construction, estimating and project delivery at Tier-1 platforms, and investment roles at pre-eminent global developers in New York.
We measure ourselves against the standards of the world's leading real estate investment platforms - in how we underwrite, how we govern and how we report. Every engagement, regardless of scale, is run to that standard.
A$4.0B+
Originated, underwritten or delivered across six Australian sectors
US$11B+
International portfolio and transaction experience
60+
Years of combined leadership experience
4
Integrated disciplines under one accountable platform
02Our Approach
Institutional discipline, applied.
Four principles govern every Croston engagement, regardless of scale or structure. They are not values statements - they are operating rules.
01
Underwrite before committing
Tested against explicit hurdles and downside scenarios before capital moves.
Each capability operates to a defined mandate and a common governance standard - engaged independently, or as an integrated whole across the life of an asset.
01
Development & Project Management
Origination to practical completion.
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02
Investment Management
Underwriting, structuring and vehicle management to institutional standards.
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03
Asset Management
Stabilisation, leasing and operational performance across the hold.
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04
Construction Advisory
Independent delivery-side counsel, procurement to handover.
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01Development & Project Management
A complete development capability.
End-to-end control from origination to practical completion.
01
Development Management
Feasibility, planning, design and delivery managed end to end.
02
Project Management
Inception to handover - approvals, design, procurement and delivery.
03
Site Origination & Acquisitions
High-conviction opportunities through disciplined underwriting and off-market networks.
04
Feasibility & Due Diligence
Financial modelling, planning risk and market analysis before commitment.
05
Planning & Approvals
The approvals pathway managed for value-accretive outcomes.
06
Design Management
Design teams coordinated to commercially optimised outcomes.
07
Programme Management
Robust programmes across single projects and portfolios.
08
Cost Planning & Quantity Surveying
Tier-1 grade estimating and benchmarking, concept to completion.
09
Contract Management & Administration
Claims, variations and compliance rigorously administered.
10
Technical & Complex Projects
Laboratories, hospitals, vertical schools and public buildings.
11
Stakeholder Management
Capital partners, consultants, authorities and operators aligned.
12
Principal's Representation
Safeguarding the client's interests through every stage.
·Why Croston
Edge
Investment-to-delivery skillset
Feasibility, cost plan and programme owned by one accountable team.
Edge
Tier-1 pre-construction depth
Contractor-grade estimating applied on the client's side of the table.
Edge
Institutional reporting
Programme, cost and risk reporting at the standard capital expects.
02Investment Management
Capital, structured and governed.
Underwriting, structuring and management across Australian and US capital structures.
Scope
Origination to realisation
Structures
JVs · Co-investment · Funds & vehicles
Pedigree
Global developer & alternatives platform experience
01
Deal Origination & Underwriting
Disciplined screening against explicit return hurdles.
02
Capital Structuring
Full capital stack design with waterfall and promote logic.
03
Joint Ventures & Co-Investment
Partnership structures built for genuine alignment.
04
Portfolio Strategy
Highest and best use, hold-sell and portfolio optimisation.
05
Cross-Border Capital
Capital relationships spanning Australia and the United States.
06
Transaction Structuring
Options, staged settlements, vendor finance and landowner JVs.
·Why Croston
Edge
Global platform experience
Formed at a pre-eminent New York developer and a leading Australian alternatives platform.
Edge
Underwriting meets delivery
Decisions informed by real cost, programme and planning intelligence.
Edge
Aligned capital
We invest alongside our partners - structures built to succeed together.
03Asset Management
Performance across the hold period.
Leasing, operations and reporting aligned with the thesis each asset was underwritten against.
Scope
Practical completion to realisation
Focus
NOI growth · Occupancy · Capital discipline
Asset Types
Living sectors · Industrial · Commercial · Operational RE
01
Asset Stabilisation
Leasing, operator selection and operational set-up.
02
Leasing Strategy & Tenant Curation
Tenant mixes built for premium rents and durable income.
03
Operational Performance
Income, cost and occupancy tracked against underwriting.
04
Repositioning & Capex Planning
Value unlocked in underperforming and transitional assets.
05
Operator & Facilities Oversight
Best-in-class operators held to performance frameworks.
06
Reporting & Valuation Support
Institutional reporting and benchmarking across the hold.
·Why Croston
Edge
Underwriting continuity
Performance measured against the original thesis, not a moving baseline.
Edge
Operational real estate depth
Experience where management quality separates core from impaired.
Edge
Exit-ready assets
Managed with the exit in mind, to institutional transaction standard.
04Construction Advisory
Delivery-side certainty.
Independent counsel that protects cost, programme and quality outcomes.
Our leadership has originated, underwritten, delivered or managed assets across sixteen sectors - including the alternative, energy and digital sectors where institutional capital allocation is accelerating.