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