Melbourne based property fund manager, MPG Funds Management Limited (“MPG”) is excited to announce the recent acquisition of a $21.5 million neighbourhood shopping centre in Armidale, NSW on behalf of the MPG Retail Brands Property Trust.
The MPG Retail Brands Property Trust has bought the Seacrest Shopping Centre in Geraldton, WA…
The launch of the MPG Tweed Hub Trust launch sees MPG’s funds under management exceed $450 million…
MPG Funds Management are proud to welcome the tenants of Beaudesert Central…
The Mildura Homemaker Centre in north-west Victoria has welcomed three national retailers – establishing its position as one of the town’s leading large format retail complexes. Super Retail Group’s Amart Sports, Carpet Court and the Salvation Army have all signed new leases at the centre, taking three separate tenancies totalling 3,088sqm. Amart Sports’ entry to…
This Trust was available to wholesale investors and contains a 14,228 sqm Bunnings Warehouse property in Bundamba (Qld). The store was opened in May 2016 by, aptly, former apprentice carpenter turned rugby league legend, Darren Lockyer. Given the yield compression based on sales of recent Bunnings properties, the asset was independently valued and increased by…
This Trust was available to wholesale investors and contains a 16,704 sqm Bunnings Warehouse plus an adjoining 1,682 sqm in additional specialist tenancies in Newstead (Qld). At the completion of construction Bunnings will have a 12 year lease, and they are supporting the additional tenancies with a three year rental guarantee. The Trust was successfully…
This Trust was available to wholesale investors and contains a 9,512 sqm Bunnings Warehouse property in Kingston (Tas). The store was completed last year and Bunnings celebrated the opening in June with AFL legend Robert “Dipper” DiPierdomenico. The store is trading well at the start of it’s 12 year lease. The final construction management fee…
This Trust was available to wholesale investors and contains a 4,983 sqm Bunnings Warehouse in Wonthaggi (Vic). After strong sales results and yields in the area, a Director’s Valuation increased the value of the property by $1.13 million to $7.63 million taking the net tangible asset value per unit to $1.70 per unit, which is…
This trust was available to wholesale investors and contains a 7,037 sqm Kmart plus and adjoining 1,089 sqm in complementary retail space in Port Macquarie (NSW). The property opened in late March 2017. The opening was highly anticipated in Port Macquarie, with people queuing from 2am to be the ‘first shopper’. This anticipation proved successful…