CorVal 40 Cameron Avenue Trust

40 Cameron Avenue, Belconnen ACT 2617

Property Information

Property40 Cameron Avenue, Belconnen ACT 2617
CommencementJune 2018
Land Size16,620 sqm
Building Size14,910 sqm NLA
Purchase Price$23.9m
Target Equity IRR10-12%

Substantial A-Grade office building with future development upside.

The CorVal 40 Cameron Avenue Trust is an unlisted property trust, holding a substantial A-grade office building located on the corner of Cameron Avenue and Chandler Street, Belconnen.

The Trust strategy is centered around capitalising on the high-quality nature of the existing office building by seeking to re-lease the existing vacancy, and ultimately selling the office building as a repositioned, substantially let investment. While on acquisition the Property was largely vacant, a successful letting strategy has driven occupancy to 99% with a Weight Averge Lease Expiry of 2.4 years and a comprehensive re-leasing strategy in hand for expected vacancies.

RF CorVal will seek to add value to the under-utilised parts of the Property through development approvals and potentially a full scale residential and/or office development, should these present an optimal outcome for Trust investors.



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