Diversified financial services company Aland Equity Group (ASX: AEG) has reported significant progress in expanding to a scalable property funds management model supported by a long-term pipeline of development opportunities. During the June quarter, the company executed the Cowra funding deed in relation to the Yarrabilly master planned residential development in New South Wales, establishing the foundation for expansion of its funds management platform into the property sector. Chinnery Funding DeedAland executed a separate funding deed over the 1,000-acre Chinnerys master-planned residential site in the NSW town of Bungendore comprising 3,200 mixed residential lots. Staff, corporate, and administrative expenses of $688,000 included one-off costs incurred in the establishment of the company’s property funds platform. Aland said the expanding membership base would support funds under management and distribution growth across its equities and property funds platforms.