MRS Harmony Brighton Central
525-531 Brighton Road
Building Type / Sector: Retail
Aquisition Date: April 2015
Purchase Price: $14.06m
Investor Return: 8.25% per annum distribution up until the commencement of the redevelopment undertaken in 2017
A neighbourhood shopping centre anchored by a strong performing Foodland supermarket in an affluent trade area.
A private syndicate which was established with the intention of redeveloping the centre, including a substantial expansion of the supermarket, an enclosed mall and additional specialty tenancies.