Haben launches Cleveland Shopping Centre Fund

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.