Our client was looking for a high-yielding shopping centre. While this purchase took six months to complete, this large asset was one of the highest-yielding ones we could find in the metro capital city location. Sitting on 14,459m2 of prime land, this fully leased, modern mixed-use, commercial and retail centre was secured 100% off-market.

Initially, we were only going to purchase two of the buildings in this asset, but that later spread over to acquiring the third building. This additional purchase brought the total tenant count from 13 to 23 tenants and over $1.4 million in income per annum.

‍