The ‘Brandsmart One Trust’ offers investors an opportunity to purchase an equity stake in a prime, leased, retail asset located on the ‘Golden Mile’ of Whitehorse Road, Nunawading, Melbourne, Victoria.
The Investment manager, Acure Asset management is a highly experienced team in the category of retail asset acquisition and development. The purchase of the centre has been underwritten in full to ensure certainty of progression to investors.
Brand Smart Premium Outlet Centre is an exciting and innovative destination for customers to shop, eat, drink, experience and come together.
Opened in 1999 and extensively redesigned in 2013, the centre has 9315sqm of Net Lettable Area (“NLA”) as well as parking for 455 cars.
Designed to stimulate and excite the senses, Brand Smart is the premier outlet centre destination in Victoria.
The property has currently 2 vacancies and has a relatively short WALE partly explained by the fact the centre was expanded and totally redesigned in 2013. The current intention is to actively manage lease expiries to maintain performing retail tenants and invite new branded tenants as and when the opportunity presents itself. The intent is to extend the WALE by offering a mix of 3,5,7 and 10 year leases. Maintain the building to a high standard.
Intention to hold the property for 5 - 7 years to generate investor returns through paying quarterly distributions and capital appreciation.
The Trust is forecasting the following returns;
Over the five year target term of the Trust investor distributions are forecast to be an average of 9.6% p.a.
Full details of the investment opportunity for ‘Brandsmart Trust One’ are available via the ‘Investment Memorandum’ and associated documentation linked here with.