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A strong trading centre on 13 ha with substantial scope for further development.
Acquired substantially below replacement cost.
The land component was undervalued and between exchange and settlement, Realside secured a valuation uplift on purchase price of $107m to $118.5m.
Surplus vacant land component (3 Ha) held on separate titles with favourable zoning with capacity to accommodate up to 1000 residential units.
Strategy on value add to retail centre through addition of retailers and unlocking of opportunity across vacant land. The Centre generates an annual turnover of $208m.
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