Newmark Bourke Street Mall Trust

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Fully Subscribed

299 Bourke Street Mall

299 Bourke Street is a landmark property with scope to add value through repositioning the building into refurbished retail and office accommodation, and capitalising on the strong rental upside reversion and capital uplift opportunity.

At the expiry of the David Jones occupancy, Newmark proposes to refurbish the lower three levels as retail and upper four levels as office.

 

The Fund 

Status Closed
Fund Type Wholesale
Investment Objective Sustainable income and to achieve higher rental levels and capital growth through refurbishment
Inception August 2020
Distributions Paid Quarterly
APIR N/A
Investment Term 10 years with expected liquidity events after 3 years and 6 years

The Property

Property Type Retail & Office
Location 299 Bourke Street Mall, Melbourne, Victoria
Site Area 2,247m2
GLA 11,814m2
Anchor Tenants David Jones
Carparks N/A
Occupancy 100% (September 2020)

 

 

In the news

Newmark plots future for David Jones store - Financial Review - July 29 2020

David Jones menswear store sells as buyers defy city lockdown - The Australian - July 29 2020


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Newmark Tooronga Property Trust

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Fully Subscribed

Tooronga Village Shopping Centre

A high quality Melbourne property, anchored by one of Coles supermarkets best performing stores. Tooronga Village shopping centre enjoys a prominent main road location in an affluent and sizeable catchment. Coles and national retailers make up 60% of the Trust’s forecast income. Tooronga Village is a proven performer with a focus on non-discretionary retail.

Tooronga Village offers strong and stable income underpinned by it's convenience retail and significant market share.

 

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Newmark Brandon Park Core Plus Fund

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Fully Subscribed

Brandon Park Shopping Centre

Brandon Park Shopping Centre is located on a 'Gateway Site' in a strong and growing demographic, 24km southeast of the Melbourne CBD.

Whilst well established and achieving high levels of sales, the Centre has significant scope for improvement and expansion and is well positioned to capitalise on further growth in the surrounding areas. 

Newmark expects to deliver secure income whilst planning and developments are undertaken to take advantage of possible further expansion and other complimentary uses.


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Newmark Como Property Trust

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Fully Subscribed

The Como Centre

Located on the prime South Yarra corner of Toorak Road and Chapel Street the iconic Como Centre is a mixed-use complex of inter-connected office, retail and hotel buildings. Comprising 62% office, 13% hotel, 10% retail, 3% cinema and 11% parking by income, the Centre is securely leased to leading corporate tenants including Network Ten, Accor Hotels and Omnicon.

Newmark expects the property to deliver secure income and long-term capital growth. Newmark intends to undertake various improvement initiatives to add value and develop a plan for future expansion.

The Fund 

Status Closed
Fund Type Retail
Trust Objective Secure income and long-term capital growth and consider value-add initiatives to enhance investment returns
Inception July 2016
Distributions Paid Quarterly
ARSN 616 371 665
APIR N/A

The Property

Property Type Office, Hotel and Retail
Location South Yarra, Victoria
Site Area 20,030m2
GLA 31,756m2 plus 111 hotel rooms
Anchor Tenants Network Ten, The Como Hotel (Accor Hotels), Palace Cinema, Omnicom Media Group, Regus Serviced Offices, Clemenger
Carparks 633
Occupancy 99% by GLA (December 2021)

 

 

 


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Newmark Jam Factory Property Trust

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Fully Subscribed

The Jam Factory

Progress on the mixed-use redevelopment of the iconic Jam Factory in South Yarra has reached a major milestone with the issue of a Planning Permit for the development by Stonnington Council in May 2018.

Representing one of the most unique commercial repositioning opportunities in Australia the Jam Factory will become a world-class office, entertainment, dining, retail and cultural district setting a new standard in sophisticated mixed-use development. 

The existing Jam Factory property has four main income-producing components, namely Cinemas, Retail, Office and Carpark.


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Newmark Capital (St Kilda Road) Property Trust

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Completed

417 St Kilda Road, Melbourne

417 St Kilda Road is a nine level tower with a diversified tenant profile and home to international and national technology companies. As one of only five A-grade office buildings on the premier city fringe boulevard, the property was identified by Newmark in 2012 as ideally positioned to take advantage of important growth opportunities within the  St Kilda Road office precinct including:

  • low vacancy rates for A-grade property,
  • limited new supply of office space including the withdrawal of supply due to residential development,
  • the relative affordability of the precinct,
  • increasing requirements by tenants to be located close to transport infrastructure.

Newmark further enhanced the asset and added value through:

  • the introduction of a ground floor food offer which improved amenity and generated additional income,
  • retained Oracle Corporation as a key tenant,
  • negotiated new leases at improved rentals,
  • and  improved the ground floor landscape and lobby experience.

The property was sold delivering strong income and capital returns to investors prior to the conclusion of the Trust term.


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Newmark APN Auburn Property Fund

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Completed

Lidcombe Shopping Centre

The Newmark APN Auburn Property Fund (Fund) was a joint venture project between Newmark Capital Limited (Newmark) and APN Property Group Limited (ASX:APD).

The Fund was established in 2014 to purchase the Lidcombe Power Centre in Parramatta Road, Lidcombe, New South Wales and undertake a redevelopment of the property into a sub-regional shopping centre.

The Fund sold to Novion which settled on 30 April 2015. The Centre now known as Lidcombe Shopping Centre opened in late August 2015.


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Newmark Capital

Level 17, 644 Chapel Street
South Yarra VIC 3141
Email: [email protected]
Phone: (03) 9820 3344
Fax Number: (03) 9066 3999



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