Eden, Haven & Sanctuary




Investor IRR:21.8% (>2.5x)​

Development Profit:$74,000,000

Investment Type

Investment Type:Development

Location:Abbotsford, VIC

Sector:Mixed Use

Investment Summary

  • Acquired three (3) leased commercial office buildings were acquired in one line, with a relatively quick (within 6 months) disposal of one of the buildings​ which exhibited a longer-term lease profile.  A planning permit to deliver 576 apartments, ancillary commercial and retail in three stages was achieved on the remainder of the site;
  • The property was developed in three distinct stages to optimise equity efficiency and progressively mitigate market risk, delivering a profit exceeding $74.0mln within 6 years of acquisition.