Newmark Bourke Street Mall Trust

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 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.

Request an Information Memorandum

The Fund

Status	Open for Investment
Fund Type	Wholesale
Investment Objective	Sustainable distributions 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 with a 3 year lease back
Carparks	N/A
Occupancy	100% (August 2020)

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

Request an Information Memorandum

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.