The Flour Mill of Summer Hill
New heart, old soul
The Flour Mill of Summer Hill is a beautifully masterplanned community, bringing together modern living with industrial heritage.
Yield Plus Infrastructure Fund No. 1 (YPI 1) is underpinned by a philosophy of 'following the infrastructure'. The strategy invests in yield-producing assets likely to benefit from urban renewal, new transport and community infrastructure, rezoning, repositioning and/or redevelopment potential with a geographical focus on Australian capital cities.
Asset selection is supported by the use of EG’s proprietary real estate risk management software, PRISMS®. This property technology software is designed to substantially improve investment risk identification, evaluation and pricing.
YPI 1 was launched in 2006, with an equity raise of circa AU $240 million. A total of 17 assets were acquired and were diversified by geography and sector.
Fund Features
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Launch Date
December 2006
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Fund Status
Closed
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Assets
17
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Fund Term
10 years
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Fund Size
$412 million
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Strategy
Value add