Newmark Hardware Trust

Established: February 2019

Size: Launceston: GLA 21,955 m² on 50,749 m²
Size: Maroochydore: GLA 17,100 m² on 37,376 m²
Size: Lake Haven: GLA 16,313 m² on 23,970 m²

Purpose built for leading Australian retailer Bunnings, the Trust’s Launceston and Maroochydore Centres are fully leased. Serving large customer catchments, the Centre’s are strategically located adjacent to central business districts. With the latest full spec anchor Bunnings stores, the properties have strong support from peripheral retailers. The Launceston Centre is on a high exposure corner with an on grade car park. Maroochydore is the economic hub of the Sunshine Coast and our Centre is adjacent to a site earmarked for Maroochydore’s city centre expansion.

Lake Haven is the latest addition to the NHT. Currently under construction and due for completion in April 2019, the site is located in the suburb of Charmhaven on the NSW Central Coast approximately 53km from Newcastle and 92km from Sydney. The store is located on a prominent corner and replaces the existing Lake Haven Bunnings Warehouse.

Unit Price as at 25/02/2019
$1.4243

Outcome of Unitholder Meeting
The meeting of Unitholders held on Friday 15 February 2019 at The Hotel Como Melbourne, South Yarra voted to restructure the Newmark Hardware Property Trust No. 1. Unitholders approved the restructure proposal.