Haben launches Cleveland Shopping Centre Fund

Core Property has reviewed the "Cleveland Shopping Centre Trust" by Haben.

The Fund provides an opportunity to invest in a top performing neighbourhood shopping centre in Cleveland, QLD.

The Property is being acquired at a relatively attractive price, with expansion plans providing additional upside potential.

The Manager, Haben Property was established in 2009 and has a good track record in retail property funds. Management intend to invest a minimum 5% in the Fund.

The key features of the Fund include:

  • Initial distributions of 6.8% p.a. increasing to 8.3% in year five.
  • Estimated IRR of 8.3% - 13.8% over the five year initial term.
  • The Offer is available to Wholesale investors only.

Core Property has rated the Fund as RECOMMENDED.