Strong Connections and Pristine Riverfront Views at our CPDF Investor Open Day 🏡 🌞
We were thrilled to welcome Investors to our Clarence Property Diversified Fund Open Day in June at Stage 5 of Yamba Quays — the final release of our exclusive waterfront development in Yamba, NSW.
With picture-perfect weather and a stunning riverfront outlook, the day offered a fantastic opportunity to provide a Fund update, showcase our current projects, and spend valuable time connecting with Investors.
A big thank you to everyone who joined us, and to our event partners for helping us deliver a seamless day.
Clarence Property is excited to announce we have purchased Metro Middle Park, a neighbourhood shopping centre in Brisbane’s fast-growing southwest, for $40.4 million.
Through our flagship Clarence Property Diversified Fund, the acquisition marks another major metro investment for us, following our $119 million purchase of 120 Edward Street in Brisbane’s CBD last year.
Metro Middle Park is a single-level neighbourhood shopping centre anchored by a strong-trading Coles supermarket, supported by 38 specialty tenancies across 6,411 sqm of gross lettable area.
Ben Somerville, our Head of Capital Transactions at Clarence Property, said “Metro Middle Park is a great example – a rare, tightly held metro Brisbane retail centre anchored by a national tenant in a highly convenient retail destination for the growing Centenary suburbs, including Jaboree Heights, Riverhills, Westlake and Mount Ommaney. ”
Clarence Property CEO, Simon Kennedy said, “We’re continuing to pursue strategic additions to our over $800 million strong portfolio across retail, commercial, industrial and residential sectors – and Metro Middle Park fits that mandate perfectly.
“The centre is well positioned to deliver strong income performance in the short term, while offering future uplift via retail repositioning over time.”
The sale was negotiated by Peter Tyson of Savills along Ben Somerville, our Head of Capital Transactions at Clarence Property.
News and Investor Updates
Clarence Property Corporation Limited ACN 094 710 942, AFSL 230212, is the issuer of the PDS for Clarence Property Diversified Fund ARSN 095 611 804 and Epiq Lennox Property Trust ARSN 626 201 974. Please read the PDS and TMD at clarenceproperty.com.au before deciding whether to invest.
This website is not intended to be and does not constitute a PDS or any form of disclosure document, as defined by the Corporations Act 2001 (Cth). This website does not constitute an offer for the sale or purchase of units, and does not constitute any recommendation in relation to investing. This website has been prepared without taking into account any particular consumers financial situation, objectives or needs.
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