over 5 years
multiple value add strategies
in CBD Location
We are pleased to invite you to invest alongside Fortius in this exceptional value add opportunity
to acquire Adelaide’s premier retail centre, “Rundle Place”. We have secured the property at a compelling price, below replacement cost and with significant upside. The investment is offering a projected return of 18%+^ IRR per annum and a 2.0x^ equity multiple over the 5 year investment period.
Subject to satisfactory due diligence, Fortius will acquire ‘Rundle Place’, a premium shopping complex in the centre of Adelaide CBD. The property is located on Rundle Mall, one of Australia’s busiest pedestrian malls with dual access from Grenfell street, the major arterial road through the CBD.
Rundle Place was built only 7 years ago (2013) to the highest retail specifications. The property is remarkably similar in many respects, to the very successful Fortius developed and managed MidCity Centre on Sydney’s Pitt Street Mall.
The property is currently 77% occupied and generating a net return of 5.2% on the current passing income. That income is secured from prominent tenants including South Australia’s only Apple Store, a strongly trading full-line Coles supermarket, a highly successful food court and the Adelaide City Library, together with 60 specialty tenants primarily food, services and fashion. Following a successful leasing campaign of the currently vacant space and re-mixing of existing tenancies, the annual net income is projected to increase on a fully leased basis to 8%+.
If you’re ready to invest, please click the link below and complete your online application based on your Investor type.Invest Online
You will receive confirmation of your application completion via email from Boardroom. This is sent once all required supporting documentation, signatures and funds have been supplied. However, the number of units allocated will only occur after the settlement of the Property. This date will be indicated on correspondence from Boardroom.
The investment is available to ‘Wholesale Investors’ only, with minimum investment being $100,000.
Before you begin your online application we recommend having the following information ready:
Once complete, you will be emailed your signature specimen page to sign, scan and return by email to Fortius. If you are a trust (investor type) you cannot be e-verified and will need to supply AML documents separately (this will be outlined to you during the online application process).
Payment Methods include either cheque or Electronic Funds Transfer (EFT). The bank details can be found on your Signature Verification Document or from the Trust’s Information Memorandum.