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Investment Highlights
- Convenience-plus shopping centre with strong 96% occupancy
- Anchored by strong performing anchor tenants (Woolworths, Big W and Dan Murphy’s) on long leases
- The centre offers excellent exposure, convenient parking and is well-served by public transport
- Large landholding of 44,400sqm, 2.4kms outside of the Adelaide CBD
- Targeted 7 year Internal Rate of Return of 11.35%
- Targeted Cash-on-Cash return of 6.07%
- Construction completion in June 2015 with corresponding depreciation benefits of ~60%