Yatala Qld – Investors out in force for two recently syndicated investments
By Rob Stanley-Turner 20/06/2020
Box Commercial’s investor groups have committed to two large single asset wholesale-investment syndicates.
The first property, a giant 9029 sqm cold room storage & distribution facility in Yatala Queensland was leased for 11 years to a meat wholesaler & distributor. The tenant, Queensland owned & operated has local customers including military, jails, mining companies along with their export customers. The combination of property & tenant compelled investors to invest confidently in these post covid times. The property was acquired for $13.6M and investors contributed around 50% of the purchase price.
The second property, the Junction Plaza shopping centre in Newcastle featured a full-sized 4694 sqm Coles with 23 specialty stores was purchased for $44.32M with equity component being raised at around $24M
Both property syndicates offered investors well in excess of the purchase yields.
Investors understandably have become discerning in these post covid times, but we identified both properties offering excellent growth prospects and fortunately our investors agreed.
Otherwise please see our full page of properties which have been acquired for syndication here.