Haben is a specialist property fund manager, founded in May 2009 by the principals and management team of Harold Finger, Ben Finger and Gavin Holman.
Haben's focus is to acquire food and serviced based, retail neighbourhood shopping centres, with the objective to add value through active management, tenant restructuring and development. Haben has a dedicated team with our 70 years experience in property investment, development and management.
The management team's ability to source quality assets opportunistically is reflected in their successful launch of Haben Retail Number 1 Trust (HR1T) in August 2010. This fund acquired the Illawong Village Shopping Centre for $21m, 30% below replacement cost. Year one returns have outperformed forecasts.
Haben's background in development, enables them to take advantage of opportunities to provide convenience shopping to communities that have an unmet demand. An example of this is Haben's Newtown 'corner market' development which is due for completion in December 2012.
The principals of Haben co-invest with likeminded wholesale or sophisticated investors also interested in the targeted properties.