• Acquired a leasehold interest in a retail centre and 316 bay car park located within the centre of Brisbane’s CBD for $67,000,000 in partnership with the Bricktop Group.
  • The property provides a total of 1,756sqm of net lettable area orientated to food and personal services. Tenants include a number of national retailers.
  • The car park is leased to Secure on a long term lease.
  • The property provides significant opportunity to improve the net income through refurbishment and reconfiguration and for the extension of the current ground lease arrangement.
  • Total equity contribution of $29,000,000 with a 5 year horizon targeting an IRR return of circa 18%.