CorVal Corporate Centre Trust
Gold Coast Corporate Centre, Bundall QLD 4217
Property Information
| Property | Gold Coast Corporate Centre, Bundall QLD 4217 |
| Commencement | June 2017 |
| Land Size | 26,821 sqm |
| Building Size | 21,111 sqm NLA |
| Purchase Price | $89.0m |
| Target Equity IRR | 10-12% |
Iconic Gold Coast A-grade office assets.
The CorVal Corporate Centre Trust is an unlisted property trust which holds two high quality commercial assets over seven separate titles – the 16 level Corporate Centre One and the 11 level Wyndham Corporate Centre along with a 24-hour fitness centre and 899 parking bays.
The Trust strategy is centered around progressively leasing the vacant areas across the Property, working with existing tenants to maximise tenant retention and implementing a targeted capital expenditure program over the investment term to assist with the leasing of vacant areas and increasing the Property’s net income, thereby maximising both the value of the Property and the Trust EPU over time.