RF CorVal Eureka Trust

7 Riverside Quay, Southbank VIC 3006

Property Information

PropertyLevels 88, 89 and part ground floor, 7 Riverside Quay, Southbank VIC 3006
CommencementJuly 2021
Building Size1,957 sqm
Purchase Price$58.0m
Target Equity IRR12-14%

Sale and leaseback opportunity in iconic Eureka tower.

The RF CorVal Eureka Trust is an unlisted property trust established to acquire strata lots within Eureka Tower on a long-term sale and leaseback basis.

The Property collectively comprise Levels 88, 89 and part of the ground floor with an initial 20-year triple net lease to the vendor, Journey Beyond, a leading experiential tourism group. The lease provides long-term, predictable cashflows secured by a parent company guarantee and the underlying value of the Property is in excess of 50% of the purchase price providing signficant downside protection.

View All