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The properties in the St Hilliers Enhanced Property Fund No. 1 portfolio were:
- Lot 2, 1 Box Road, Taren Point NSW - SOLD
- 496 Northbourne Avenue, Dickson ACT - SOLD
- 146-148 Sussex Street, Coburg VIC - SOLD
- 119 Wells Road, Southbank VIC - SOLD
- 25-37 Huntingdale Road, Burwood VIC - CONTRACTED SALE
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Lot 2, 1 Box Road, Taren Point NSW
SOLD, Target return exceeded.
An 85% joint venture in this single-level industrial warehouse and office
building. This property was sold in 2005 and achieved a pre-tax equity
return to the investors in excess of the target. The allocated capital
and profit have been distributed to the investors. |
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496 Northbourne Avenue, Dickson ACT
SOLD
A four-storey commercial building wholly let to Telstra Corporation. Sold
in September 2006. |
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146 - 148 Sussex Street, Coburg VIC
SOLD
Sussex Street is a 4 ha industrial complex acquired on a sale and leaseback
from Caroma Industries. Following Caroma's lease expiry the property has been
subdivided and sold to two local owner occupiers. |
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119 Wells Street, Southbank VIC
SOLD
A seven-storey commercial building acquired on a sale and leaseback from Channel
7. Planning approval has been obtained for a 250 unit residential development. |
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25-37 Huntingdale Road, Burwood VIC
SALE CONTRACTED
A fully leased 15,451 sqare metre warehouse/office building. Planning permission
obtained for the construction of a 6,400 square metre extension. Sale
of the asset has been contracted and settlement is scheduled for early 2008. |
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Funds Management 