OFFER CLOSED
Village On Summer Trust
EXCLUSIVE INVESTMENT OPPORTUNITY | CLOSED
Village On Summer Trust
An exclusive opportunity to invest in a dominant retail neighbourhood shopping centre with the single largest land holding and most convenient access in the thriving regional city of Orange, NSW.
Anchored by IGA Fine Foods & Dan Murphy’s, the asset is one of the strongest trading neighbourhood shopping centres in Orange with more than 85% of income underpinned by resilient essential services & non-discretionary income.
With limited new supply of retail assets and strong population growth of 7.8% over the last five years, the centre is perfectly positioned within the town to capture future growth.
The site benefits from 2,573 sqm of underutilised land, offering the imminent opportunity for an additional ~40% (~1,800 sqm) of complimentary retail accommodation, which will further strengthen the retail offering and drive value-add returns for investors. The manager is already in negotiations with two prospective tenants over ~45% of the additional space.
OFFER CLOSED
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Investment Rationale
Defensive Income
85% underpinned by non-discretionary retail and essential services with 56% from IGA and Dan Murphy's
Strong Return Profile
Targeting ~7.0% average annual distribution and 15% to 17% p.a. IRR
Dominant Neighbourhood Centre
Located on the single largest land holding in the Orange CBD with the most convenient access and ease of parking at grade compared to other centres
Outstanding Trading Performance of Dan Murphy's
Operating as one of the anchors of the centre the Productivity of Dan Murphy’s is over 50% above industry benchmarks, trading at over $19,000/sqm and in percentage rent.
Value Add Opportunity
2,573 sqm of surplus land, which is to be imminently developed and increase GLA by ~40% (~1,800 sqm)
Strong Tailwinds
Including population and economic growth, committed regional infrastructure investment and limited new supply of retail assets in CBD.
GALLERY
Get in Touch
Should you have any queries, please get in touch with our Investor Relations team below.
Lyle Hammerschlag
Executive Director of Private Wealth
Dylan Tomkins
Director of Wealth Management
Nelmari Oelofsen
Investor Relations Manager
Nothing in this section of Centennial Property Group’s (Centennial’s) website will form part of or be the basis for any contract or commitment. This section of our website is not an offer or invitation to acquire any securities in Australia or elsewhere. You should carefully read the information memorandum before deciding to invest in the financial product described in that information memorandum, particularly as no cooling-off regime will be available.
