Metrics

Total Investment Value:$52,000,000

Disposal Value:$66,000,000

Investor Equity IRR:21.4%

Fund Profit:$14,000,000

Investment Term:ca. 4 years

Investment Type

Investment Type:Development

Location:Mosman, NSW

Sector:Residential / Retail

Investment Summary

• Acquired an existing retail centre and sought to redevelop the site, comprising 24 residential apartments and 8 ground floor retail shops with total gross realisations exceeding $66mln.
• Undertook a planning proposal to rezone and seek DA approval whilst retail tenancies were in place. Upon approval, redeveloped the site and delivered the project which provided an investor equity IRR exceeding 20%.