Newmark

Bourke Street Mall Trust

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Investment start date

August 2018
31 month investment

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Asset Class

Commercial Property

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Return

15.00% (minimum) to 17.61% p.a.
38.75% total return over time period

Investors had the opportunity to invest in an iconic piece of Melbourne CBD real estate in the heart of Bourke St Mall. David Jones was selling the owner-occupied asset on a three-year leaseback, with Newmark seeking to raise equity of up to $90million to fund the purchase. Newmark is targeting a 3-year internal rate of return of approx. 18% in the first three years of the Investment Return, and a Return on Equity of more than 68% for Class B unit-holders.