• Acquired the leasehold interest in an existing shopping centre and an adjacent site comprising two retail tenancies located in Hurstville NSW for $27 million in a joint venture arrangement
  • The joint venture redeveloped the centre into a ‘neighbourhood’ super centre comprising 9,000 sqm of NLA
  • Total refurbishment cost of $12 million including tenant incentives and finance costs
  • The joint venture secured Coles as the anchor tenant with further leasing completed to a mini major, Blockbuster, KFC and 40 specialty stores