News and Announcements
Placer Property Investor Newsletter
- Published August 22, 2016 1:51PM UTC
- Publisher Wholesale Investor
- Categories Company Updates
Placer Property has launched The Stables Property Fund. The development of the Centre was managed by Placer Property and was opened in April 2015.
The Stables Shopping Centre is a new 5,605 square metre convenience based, neighbourhood shopping centre anchored by a large format Woolworths Supermarket and BWS liquor outlet. The Stables also accommodates a range of specialty tenants including cafes, a hairdresser and take away food outlets, as well as offering parking for 260 car directly in front of the centre.
The Stables Shopping Centre is located in Golden Grove, approximately 22 kilometres northeast of the Adelaide CBD. It is located on a highly visible corner site at the intersection of Golden Grove Road and Crouch Road in an affluent trade area.
Key features of the Fund include:
- 7.60% Forecast Yield in FY16 and FY17
- Woolworths as anchor tenant
- WALE of 11 Years by rental income
- High initial forecast $0.95 Net Tangible Asset per Unit