261-265 Chalmers Street, Redfern NSW

Joint venture with Trumen Corporation

Equity Syndication

Commercial Building

Purchase price: $45 million

Bricktop Investment: $21 million

Property Facts

Building area of 11,180 square meters and car parking for 175 vehicles

Ground floor leased to Woolworths supermarket on a 20 year lease (2,359 square metres)

Partially leased commercial office building of 8,821 square

Strategy

To refurbish, re-position and re-lease the Property for sale within 3-5 years

Bricktop Role

Arrangement of equity raising

Arrangement of 1st mortgage debt facility

Ongoing strategic and investment management

Note: our partner Trumen Corporation will undertake the day to day management of the property