Project Description

Status Past investment
Acquisition date & price December 2013 $28.8 million
Net lettable area 7,130 sqm office
153 car spaces
Investment rationale – Central Parramatta CBD location
– Significant building upgrades in place
– Lease profile
Major tenant 85% leased to NSW government
Divestment date & price November 2015 $37.3 million
Divestment rationale Very attractive risk-adjusted offer received
Average annual distributions 10%
Total return per $1 invested $1.50 (including distributions)
Equity IRR (1 year 11 months) 25.6%