Newmark Como Property Trust
Corner of Chapel Street & Toorak Road, South Yarra VIC 3141
An iconic mixed-use complex located on the predominant high street corner of South Yarra, the Como Centre includes interconnected office, retail and the renowned Como Hotel.
Since 2016 Newmark has continued to explore opportunities to enhance the property and add value to the site, growing the net income by 28% over that time, and carefully curating a complementary tenant mix of retail/ hospitality and leading corporate tenants, including Network 10, Accor Hotels, Secure Parking and Omnicon.
As a result, the property currently has an occupancy rate of 99%, and has increased in value significantly since acquisition.
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, Village Roadshow, Clemenger and Secure Parking |
| Carparks | 633 |
| Occupancy | 97% (April 2024) |
- Disclosure Notice: Como Centre Revaluation - 2 August 2024
- Disclosure Guide: ASIC Regulatory Guide 46 - 31 December 2023
- Disclosure Guide: ASIC Regulatory Guide 46 - 30 June 2023
- Disclosure Notice: Como Centre Revaluation - 3 October 2023
- Disclosure Guide: ASIC Regulatory Guide 46 - 31 Dec 2022
- Disclosure Guide: ASIC Regulatory Guide 46 – 30 June 2022
- Disclosure Guide: ASIC Regulatory Guide 46 – 31 December 2021
- Disclosure Guide: ASIC Regulatory Guide 46 – 30 June 2021
- Disclosure Guide: ASIC Regulatory Guide 46 – 31 December 2020
- Disclosure Guide: ASIC Regulatory Guide 46 - 30 June 2020
- Disclosure Notice: Appointment of Auditor – 19 October 2020