Newmark Bourke Street Mall Trust

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Open for Investment

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.

 

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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

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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Newmark Hardware Trust

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Open for Investment

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The Newmark Hardware Trust is an unlisted, open-ended property trust that has performed consistently since inception in June 2014. The Trust's assets have a long WALE and a focus on Bunnings as the major occupier.

The Trust's objective is to deliver consistent income distributions paid quarterly along with tax deferred benefits and long-term capital growth to Unitholders.

 

$1.7855

Daily Unit Price as at
13/05/2021
 
$736,000

Estimated minimum available for Withdrawal May 2021
(to be paid 21/06/21)

5.0%

Current income yield
per annum1

Quarterly

tax-advantaged income

Liquidity

limited monthly withdrawal facility2

$10,000

minimum investment

  1. Calculated by dividing the annualised distribution by the unit price as at 31 March 2021.
  2. Capped amount per month, subject to cancellation or scale-back without notice.

The Trust 

Status Open
Fund Type Retail, open-ended unlisted
Investment Objective Sustainable distributions, preserve capital and provide tax-deferred benefits
Trust's investment property value $312.5M
Inception June 2014
Restructure February 2019
Trust Term Open-ended.
Recommended investment period 5 to 7 years
Annualised Distributions1 9 cents per unit, equivalent to 5.1% per annum
Distributions Paid Quarterly
Target gearing range 45% stabilised, up to 55% on an interim basis
Significant Investor Visa (SIV) Compliant
ARSN 161 274 111
APIR NCL2802AU

The Properties

Property Type Large Format Retail
Locations Maroochydore, QLD 
Launceston, TAS
Lake Haven, NSW
Warragul, VIC
Preston, VIC
Eastgardens, NSW
Site Area 185,057m2
GLA 100,993m2
Anchor Tenants Bunnings (72% of income at March 2021), Kmart, Officeworks, JB Hi-Fi
WALE 7.0 years (March 2021)
Occupancy 100% by GLA (March 2021)

Different investments

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 Product Disclosure Statement for further details on the features, benefits and risks of an investment in the Trust.





Investor Updates

Please go to links below for all updates to the PDS and RG46, or visit the investor portal at www.investorserve.com.au/newmark

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Important notice

This information has been prepared by Newmark REIT Management Limited (ACN 644 715 382 AFSL No. 526690) (‘NRML’) as responsible entity and issuer of units in the Newmark Hardware Trust ARSN 161 274 111. The information contained on this page is current as at the date stated herein. This page may not be reproduced or distributed without NRML’s prior written consent. The information contained on this page is not investment or financial product advice and is not intended to be used as the basis for making an investment decision. NRML has not considered the investment objectives, financial circumstances or particular needs of any particular recipient. You should consider your own financial situation, objectives and needs, conduct an independent investigation of, and if necessary obtain professional advice in relation to, this page. Past performance is not an indicator or guarantee of future performance. You should read the Product Disclosure Statement dated 15 February 2019 (as updated or replaced) before making an investment decision relating to the Newmark Hardware Trust. Except as required by law, no representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions and conclusions, or as to the reasonableness of any assumption, contained on this page. By viewing this page and to the extent permitted by law, you release NRML and its directors, officers, employees, agents, advisers and associates from any liability (including, without limitation, in respect of direct, indirect or consequential loss or damage or any loss or damage arising from negligence) arising as a result of the reliance by you or any other person on anything contained in or omitted from this page.

This page contains forward-looking statements. The forward-looking statements are made only as at the date of this page and involve known and unknown risks, uncertainties, assumptions and other factors, many of which are beyond the control of NRML and its directors. Such statements are not guarantees of future performance and actual results may differ materially from anticipated result, performance or achievements expressed or implied by the forward-looking statements. Other than as required by law, although they believe there is a reasonable basis for the forward-looking statements, neither NRML nor any other person (including any director, officer, or employee of NRML or any related body corporate) gives any representation, assurance or guarantee (express or implied) as to the accuracy or completeness of each forward-looking statement or that the occurrence of any event, result, performance or achievement will actually occur. You should not place undue reliance on any of the forward-looking statement.


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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 69% office, 12% hotel, 10% retail, 5% cinema and 4% 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 32,380m2 plus 111 hotel rooms
Anchor Tenants Network Ten, The Como Hotel (Accor Hotels), Palace Cinema, Omnicom Media Group, Regus Serviced Offices
Carparks 488
Occupancy 94% by GLA (September 2020)

 

 

 


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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 (Chadstone) Property Trust

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Fully Subscribed

Chadstone Homeplus+ Homemaker Centre

The property offers the unique combination of being Melbourne’s only HomePlus Homemaker Centre with an anchor Bunnings tenant.  The strong performing Warrigal Road property is fully leased. Significant internal and external upgrades substantially increasing patronage have been completed including the opening of Bunnings which commenced trade in July 2016. Located in the center of metropolitan Melbourne, the property is 1.4 km to Australia’s biggest shopping centre, Chadstone, and is close to Holmesglen Tafe and Holmesglen Station. 

The Manager believes the Centre offers sound and risk-averse investment features.

The Fund 

Status Closed
Fund Type Wholesale
Inception December 2011
Trust Term Extended March 2017
Distributions Paid Quarterly
APIR N/A

The Property

Property Type Large Format Retail
Location Chadstone, Victoria
Site Area 15,180m2
GLA 19,604m2
Anchor Tenants Bunnings, Freedom Furniture,    E&S Trading, The Good Guys
Carparks 490
Occupancy 100% by GLA (September 2020)


Investor Updates


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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 Limited

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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