The property – located in Butler, Western Australia.

Investment Highlights
Large format retail (LFR) centre currently under construction, completion mid 2022;
Well located in Perth’s northern urban growth corridor;
Two year rental guarantee commencing once construction complete;
9 tenants secured, additional in negotiations;
5 years average lease term;
~3.0% first year cash return;
7.25% plus average cash return for years 2-8;
8 year investment term;
Non-recourse debt, up to 60% of the Property’s initial ‘on completion’ valuation;
Lester Group will invest a minimum of $1 million.