Metrics

Acquisition:$16,000,000 (Feb 2017)

Disposal:$33,100,000 (Jan 2020)

Investor IRR:9.83% (1.25 x)

Income Return:1.94% p.a.

Investment Type

Investment Type:Value Add

Location:West Perth, WA

Sector:Office

Investment Summary

• A 4,715 sqm B Grade office building acquired with c.80% vacancy from a distressed vendor at a significant discount to replacement cost
• A significant refurbishment and re-leasing of vacant areas was undertaken
• The asset was sold when the property was fully refurbished and 100% leased​