EG is pleased to announce the acquisition of 175-177 Cleveland St, Redfern on behalf of the Yield Plus Infrastructure No. 2 fund, representing an exciting opportunity to participate in the continuing urban renewal of one of Sydney’s most iconic city fringe suburbs.
The freehold property presently comprises two existing, creative office buildings located within 2km of the Sydney CBD.
“Positioned on the doorstep of major employment, education and transport infrastructure, it’s an exciting location and an ideal setting to showcase EG’s design excellence and Build In Good (BIG) thinking around social, economic and community benefit,” said Associate Director Mark Watson.
The transaction was brokered by Savills.
The Yield Plus Infrastructure No.2. fund was launched in August 2016 with a $750 million real estate mandate. The fund strategy seeks to acquire yield producing real estate assets within close proximity to urban renewal and transport infrastructure opportunities.
EG utilises proprietary risk management software, PRISMS® to identify opportunities and assess asset risk. EG’s disciplined, data-driven approach to risk management enables the safeguarding of investor funds while maximising returns. Founded in 2000, EG is investing $3.2 billion in real estate on behalf of super funds and private wealth clients to generate outstanding returns with lasting social impact. EG is committed to finding a better path to better investor returns.