The property presents as a modern and multi-let industrial facility located in the tightly held and land constrained Northern Beaches industrial market in Sydney. The Trust is being established to provide investors with a stable initial cash distribution of 7.25% p.a. (paid quarterly and post fees) and forecast to grow over the term of the trust with potential for capital growth through multiple exit strategies.
The asset benefits from being within close proximity to major new infrastructure projects including the Queens Street Wharf redevelopment, W hotel and the Brisbane Live entertainment precinct.
EG is delivering a rebranded office building for small to medium sized businesses and is executing a targeted leasing strategy to bring the asset to full occupancy.
The asset will benefit from the uplift in energy savings and active asset management strategy.
The property will benefit from improved accessibility following the planned upgrade of nearby infrastructure including the Northconnex project.
The Glen Waverley town centre is benefiting from $1 billion in improvements including shopping centre redevelopment and expansion and mixed use project.
Cromer is located within the Northern Beaches of Sydney, approximately 20km to the Sydney CBD and less than 1km to Dee Why beach.
This site benefits from being located 300m south of Kensington Railway station and within 200m of the local main street. The site was successfully rezoned by EG from industrial to business.
EG enhances returns through re-letting, capital expenditure programs and asset repositioning.