Clayton, Melbourne, Vic

Market Value: $14.75 million Industrial Investment

Mandate: Value Add Investment Trust

Skills Applied: Fund establishment, investment, master planning and rezoning, divestment

An opportunity to combine an annuity investment with a value add opportunity.  Clayton was an older style industrial property with a 10 year lease and generous annuity return.  Encroachment from surrounding residential demand due to expansion of Monash Medical Centre and Monash University facilitated a masterplan and rezoning process.

The asset was sold for 240% return on equity prior to completion of rezoning.

DA Properties – Fund Manager, Development Manager, Investor