A B-Grade office asset in North Sydney (10,357sqm of net lettable area), which was leased to National Australia Bank for 3.5 years from acquisition. The property was purchased for AUD60m as a B-Grade asset with a short WALE. After a comprehensive refurbishment, the property was upgraded to A-Grade and was fully leased to provide a 10-year WALE and was sold for AUD148m resulting in an IRR of >16%.
We have a combined 100+ years of business experience. We have been end-to-end real estate experts for over 30 years – from large scale greenfield developments (US2.5bn township developments), to investment and property management.
The group’s development pipeline has a gross development volume of over US11bn and covers the whole spectrum of real estate: residential (single-family, multi-family), commercial, retail, hotels, land, and industrial.