The Valley Heart Portfolio
Fortitude Valley, QLD
‘The Valley Heart Portfolio’, a 9,340 sqm landmark site in Brisbane’s Chinatown Mall was acquired for 79 million (AUD) dollars. The asset consists of several mixed-use buildings across two land parcels on prominent street frontages of Brunswick and Duncan Street.
With two significant sections, the asset is spread across 315 Brunswick Street (TCB) on a 4,510 sqm site and comprises 14,058sqm lettable area, with 31 Duncan and 143-153 Wickham Street (Chinatown) being situated on a 4,830 sqm site featuring 5,038 sqm of net lettable space.
Asset type: Development
Investment type: Second-ranking mortgage debt
Forecast return: 21% + annual IRR*
Status: Complete
Warning:
Returns are not guaranteed. Past performance is not a reliable indicator of future performance.
Forecasts are based on assumptions and estimates. Actual performance could differ materially and therefore it is not appropriate to rely on forecasts or assume that they will always be accurate.