155 Queen Street, Brisbane

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eastwood

 

 

Overview

Queen Street Mall is located in the centre of the Brisbane's Central Business District. The mall is widely regarded as one of the most successful pedestrian spaces in Australia with more than half a million people using the mall each week. (Note from the Brisbane City Council Web site).

 

 

Objective and Strategy

Over the last 3 years, the mall has undergone a transformation and a total upgrade with 75% of the associated costs being funded by traders. The initial design, released on September 4 1998, was developed after extensive consultation with the community and retailers. After several months of community discussion and review, the design was finalised and presented to media and retailers/property owners in December 1998. Construction commenced in January 1999 with the mall opening on November 12 1999.

 

 

Key Information

 

Type Retail
Structure Syndicate
Opened/Closed-End Closed
Fund Vintage August 2005
Strategy Opportunistic & Value Add
Property Allocation Retail
Georgaphic Focus Brisbane
Target IRR (Gross) 26.7
Target Leverage  
Status Closed
Life Span  
Total Investment $25,215,500
Total Value $25,676,000
Gross IRR 26.7%
Investment Multiple 2.2x

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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