Origination

• Off market, direct from bank

Ownership

• Held by Fund II

Role

• Acquired 100% shareholding with right to restructure SPV as part of an agreed restructuring agreement with lending bank

Value Creation

• Investment in tenant improvements and marketing to lease up vacancy
• Extend existing international anchor leases
• Consolidate market position of property
• Improve rental income, reduce non-recoverable costs, implement cost savings and improve quality of leases through active asset management

Property Type

• Part of established and dominant retail cluster. Retail park with net leasable area 30,000m2 (322,917 sq ft)