Case Study: 360 Capital 111 St Georges Terrace Property Trust

  • Acquired as part of Becton Portfolio in 2010
  • Purchased initial co-investment from distressed seller at a discount to NTA
  • Leased over 20,000sqm, the entire NLA of the asset
  • Undertook $13m major refurbishment and repositioning
  • Increased NTA per unit from $2.88 to $3.73
  • Increased distributions per unit from 18cpu to 32cpu
  • Extended the length of the trust by 7 years
  • Crystallised exit fees of $3.3m
  • Disposed co-investment and FM rights to Centuria in 2016