Newmark Bourke Street Mall Trust
299 Bourke Street Mall299 Bourke Street is a landmark property with scope to add value through repositioning the building into refurbished retail and office accomodation, 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. |
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The Fund
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The Property
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Different investments carry different benefits and risks. While an investment in the Trust may achieve higher yields or growth than other investment classes, it also involves risks of lower than expected distributions and potential for capital losses. Please refer to the Information Memorandum for further details on the features, benefits and risks of investment in the Trust.
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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Important notice
This information has been prepared by Newmark Capital Limited ACN 126 529 690 AFSL No. 319372 ("Newmark Capital") as trustee of the Newmark Bourke Street Mall Trust ("Trust") as at the date stated herein, is for information purposes only, is not personal financial product advice and is not an offer to sell or a solicitation or an offer to subscribe or purchase or a recommendation of any securities referred to herein. You should consider your own financial situation, objectives and needs and if necessary obtain professional advice in relation to this update. Past performance is not a reliable indicator of future performance.
No representation or warranty, express or implied, is made as to the accuracy, completeness or correctness of this update or as to the reasonableness of any assumption, contained in this update. This document contains certain forward-looking statements. Due care and attention has been used in the preparation of any forward-looking statements, which involve known and unknown risks, uncertainties and assumptions which are beyond the control of Newmark Capital and its directors, and are not guarantees of future performance. Actual results may differ materially from the anticipated results and neither Newmark Capital nor any other person gives any representation, assurance or guarantee (express or implied) that the occurrence of these results will actually occur.
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