Metrics

Acquisition:Confidential

Disposal:Unrealised

Forecast Investor IRR:c.16%*

Estimated Income Return:6.5% – 10% p.a

Investment Term:5 years

Investment Type

Investment Type:Value-add and Development

Location:Kirribilli, NSW

Sector:Accommodation, F&B (Hospitality) and Residential

Investment Summary

• Acquisition of a 70 key, 3-star boutique hotel located at 12A Carabella Street, Kirribilli.
• Burtonwood entered a Joint Venture with WINIM, our development and co-investment partner, who has a strong investment track record in hotel and residential projects, particularly in the Lower North Shore suburbs of Sydney.
• The opportunity presented a timely acquisition to capitalise on the improvement in the accommodation sector following COVID-19, limited competing amenity in the precinct, prime location within 5km of Sydney CBD and c.100m from the Prime Minister’s residence (Kirribilli House).

*At the time of IM publication