Eildon Real Estate Credit Funds

Transactions

Apartment & Townhouse Development | Carrara, Gold Coast, QLD

Eildon provided a construction facility for a residential (67 townhouse and apartments) project in Carrara, Gold Coast, QLD.

Waterfront Apartment Development | Biggera Waters, Gold Coast, QLD

Eildon provided a staged land and construction facility to fund the development of a 6 tower and 650 apartment complex in Biggera Waters, QLD.

Premium Townhouse Development | Martha Cove, VIC

Eildon provided a senior land and construction facility to fund the construction of 29 premium townhouses located in a prime Mornington Peninsula pocket.

Contemporary Apartment Development | Collingwood, VIC

Eildon provided construction funding for a boutique development of 38 home sized residences designed by the award-winning CHT Architects in Collingwood, VIC.

Apartment & Townhouse Development | Coburg, VIC

Eildon provided a senior land debt facility for settlement of a residential development site for townhouses and apartments in Coburg, VIC. The funding allowed the Borrower sufficient time to modify approvals and commence presales of the project.

Luxury Apartments & Retail Development| Port Melbourne, VIC

Eildon provided a mezzanine debt facility to assist with the development of 12 luxury residential apartments and three floors of retail located in Port Melbourne, VIC.

Eildon Property Income Funds

Transactions

Elara Village Shopping Centre | Marsden Park, NSW

Eildon acquired a new Coles-anchored Shopping Centre located within Stockland’s Elara Masterplan Estate in Marsden Park, NSW. Construction is well progressed at the new Shopping Centre and on track for opening in Spring 2021. A range of additional tenants have been secured, including Goodstart Early Learning, Castle Medical Centre, a café, specialty grocery shop, and many more which will service the residence of Elara Masterplan Estate.

BMW Berwick | Berwick, VIC

Eildon successfully completed a $10.05 million equity raising for the EAM Berwick Motor Trust (the “Fund”), a new unlisted, seven-year, fixed term direct property fund. The Fund has acquired a new BMW dealership and service centre located in Berwick, Melbourne and offers investors:
– An unlisted, single asset, direct property fund with a 7-year initial term
– An initial forecast distribution yield of 7.10% per annum (FY21 annualised) paid quarterly
– Forecast Weighted Average Lease Expiry of 15 years with 100% occupation
– Initial yield 6.75% with end value of $17 million

Eildon Opportunity Funds

Transactions

Harpley Town Centre | Werribee, VIC

Eildon acquired a 4.4 ha site within the Lendlease Harpley Estate. Development is due to commence in FY22 and will incorporate a medical centre, neighbourhood centre, service station, fast food and other commercial use. End value of the development is projected to be in excess of $70 million.

Big Fish Retail and Commercial Centre | Caboolture, QLD

Eildon acquired a 15 ha site with an existing tavern and has been transforming the site into a combined retail and commercial precinct. A Caltex Travel Centre and a McDonald’s were completed in 2018 and 2020, respectively. Eildon has negotiated and finalised an Agreement for Lease for the development of a 14,042 sqm Bunnings warehouse. Eildon is currently in negotiations with a major Australian supermarket operator, a national chain pharmacy as well as bulky goods retailers which will anchor the balance of the 6 ha site with an end value projected to exceed $57 million.