MPFM and co-investors a provided the equity required for the purchase of the asset based on a 5 year investment term. The property was purchased for $36.75 million and sold two years later for $70 million to Chinese residential developer, Aqualand.
The property had a WALE of 2.0 years.
The passing yield on a fully let basis was 10.07%
Centennial Property Group (CPG).
2 years – repaid on asset sale settlement April 2017.
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