This Trust was available to wholesale investors and contains a 5,307 sqm neighbourhood shopping centre in Seaford Meadows (SA).
The centre is anchored by Woolworths and has 14 speciality tenants. Service SA’s newest customer service centre opened in an adjoining holding in June 2016 and has brought increased foot traffic to the area.
The properties contained in the Trust are 91% occupied with an 11 year weighted average lease expiry and is expected to meet its 8.00% pa distribution target for the year ending 30 June 2017.
