Syndicate - BG CBD Office
Opportunistic purchases in Australian CBD
About the Opportunity
Boston Global is identifying commercial prpoerties within the CBD locations of Sydney, Melbourne, Canberra and Brisbane. Taking advantage of current market conditions BG looks to syndicate these opportunities. BG is looking to purchase 5 properties over the next five years in stand-alone syndicates, and looks to provide an exit opportunity or hold forever strategy.
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It is anticipated that most properties will be bought at a lower grade and repositioned. This will allow the syndicate to benefit from a value-add approach, as well as allowing the syndicate to benefit from acquiring assets in a potentially depressed office market.
At a Glance
Company: BG CBD Property
Manager: BG Benevento
Geography: Australia
Period: Initial term of 5 years
Minimum Investment: $500k
Structure: Unit Trust Investors
Eligibility: Professional or Sophisticated (S708) Investors Only
Target Equity Raise: Minimum $100m
LVR Operating: 50%
Application Fee: 0%
Fees: 2% pa with a performance fee of 20% over a hurdle of 10%
Website: www.bostonglobal.com.au
