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GDI No. 34 Sydney CBD Office Trust - NOW CLOSED

 

 

 

GDI No. 34 Sydney CBD Office Trust launched in July 2010.

 

GDI Property Group has secured 233 Castlereagh St, Sydney, a substantial CBD office asset for the GDI No. 34 Sydney CBD Office Trust.  The Trust opened for investment in late July 2010.

 

The property is a renovated, multi tenanted office building, with thriving retail shopping facilities and excellent parking. The property is well located in a very busy part of the CBD. The building has good natural light, easily divisible floor plates and a good letting history.

 

GDI will raise a maximum of $63.5 million on or before 1st October 2010. The Trust will be conservatively geared with a target borrowing initially of 47%. The Trust will be aiming to distribute a forecast 9% in part 2011 Financial Year, increasing to 9.25% in 2012 Financial Year.

 

For further information contact Tony Veale or Steve Gillard.

   

 

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