HABEN RETAIL NO. 1 TRUST (HR1T)

Fund concluded in September 2017. Investors received a net 19% IRR over 7 years.

HR1T was established in 2010. To establish the fund, Haben cornerstoned HR1T with almost 40% of the equity and invited existing contacts to secure the additional 60% to purchase Illawong Village Shopping Centre.

Illawong Village Shopping Centre was acquired on a 9.1% passing yield. Since acquiring the asset, Haben achieved the following:

  • Outperformed targeted returns
  • Identified and materialised additional revenue sources
  • Leased out vacancies and improved tenancy mix
  • Identified future development opportunities

Improved the overall amenity of the centre through prudent cap ex.

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ADDRESS

Suite 3.05, Level 3
203-233 New South Head Rd
Edgecliff NSW 2027

CONTACT

Phone: 02 9302 5900
Fax: 02 9328 5890
Email: info@haben.com.au

© 2018 HABEN. All Rights Reserved, AFSL 342515