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Stockland add to North Sydney Development site

November 8, 2019

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Garda Completes Internalisation

November 22, 2019

 

GARDA Capital Group announced this week that it had received sufficient support of its unitholders to proceed to internalise its current external management functions and create a new diversified, stapled property group, GARDA Property Group.

 

The Group's portfolio consists of 17 property assets independently valued at $404 million, reflecting a weighted average capitalisation rate of 6.68%.


The portfolio comprises:

  • five commercial office assets (including a 1,518m² vacant blocking adjoining 7-19 Lake

  • Street, Cairns) independently valued at $217.05 million;ten established industrial assets independently valued at $177.25 million; and

  • two industrial land development sites independently valued at $9.5 million. 

To date, GDF’s objective is to provide sustainable and growing distributable income derived from investments in commercial office and industrial real estate along the eastern seaboard of Australia.

 

 

 

 

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