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Case Study

Private Property Trust No. 5

The Longwarry Service Centres were acquired by a Fawkner Property syndicate in April 2014 for $23.2 million. The two centres required extensive management through a period of roadworks and the state Government’s construction of a new overpass that linked the two centres. In addition, work was required to create and register drainage easements over adjoining land to benefit the centre. Through the period of ownership, assets similar to Longwarry became increasingly attractive to investors and the value of this asset increased sharply.

In early 2018, having identified that Fawkner Property was unable to add any further value to the properties, a sales campaign was initiated resulting in the sale of the centres for $35.95 million, wa 20.5% premium to the previous independent valuation. Based on the investor’s initial $1.00 investment, Investors received a return of $1.90 along with an average yield of 8.78% per annum for the 4 ½ years of ownership.

Investors received a return of $1.90 along with an average yield of 8.78% per annum for the 4 ½ years of ownership.

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