MRS Case Studies

Syndicate

Harmony Altona Syndicate (SOLD)

221 Maidstone Street
Altona, VIC

Building Type / Sector: Industrial

Aquisition Date: June 2009

Sale Date: March 2015

Purchase Price: $6.5 million and sold in March 2015 for $8.25 million

Investor Return: In addition to the capital gain, investors also received a 10% per annum distribution over the life of this syndicate

Leased until 2020 to CRT Group Pty Ltd, a wholly owned subsidiary of QLD Rail.

At the time of the sale the property was subject to a lease to CRT Group.

MRS Case Study Altona Syndicate