• Acquired a shopping centre in suburban Brisbane for $39 million with NLA of 8,200sqm and development potential
  • Redevelopment to occur in two stages with capital improvements and re-leasing of existing centre followed by major expansion on adjacent vacant land with completed centre up to 16,000 sqm
  • Tenancy currently includes Coles and 37 specialties. Significant interest in occupancy for expanded space, including other majors and DDS’s
  • Equity of $18 million raised in fund with 5 to 7 year investment horizon