Realside Maddington Fund

Sub regional shopping centre targeting initial distributions of 7.5% p.a.

Core Property has reviewed the Realside Maddington Fund, by Realside Property.

The Fund provides an opportunity to invest in the Maddington Central Shopping Centre located in Maddington WA.

  • The centre is anchored by Coles, Woolworths and Kmart and has strong retail metrics with sales above benchmark levels.
  • The centre is being acquired at a relatively low rate per sqm, providing the opportunity for value upside over the long term.
  • The Manager will also explore the potential for development of surplus land adjacent to the centre, providing the potential for further upside for investors.
  • The Manager is targeting initial distributions of 7.5% p.a. and an IRR of 15.5% p.a. over 5-years.

The Fund is seeking to raise $60.5M through the issue of 60.5M units at $1.00 per unit. The Offer is available to wholesale investors.

Core Property has rated the Fund as RECOMMENDED.

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