Project Highlights Joint venture with Wingate, one of Australia’s leading finance and investment houses
Project Value TBC
Project Timeframe TBC
This 9,057sqm site is made up of a recently refurbished, two-level gymnasium of 5,335sqm on a large land parcel with generous frontage to Bay Road and Avoca Street. Currently leased to Fitness First, the largest privately owned health club in the world, we were attracted to the strong income stream already guaranteed here. Our in-house team, however, also recognises the future development potential of this site. Over 990 units are due for completion in the Bay Road area by the end of 2016. This is our first time in a joint venture with finance and investment house, Wingate, a company known for its exceptional track record, unique risk and management culture, discretion, reach and influence. Wingate is owned by its principals and a group of substantial private and institutional investors; it is widely regarded as one of Australia’s leading specialist finance and investment houses.
This is ICD’s first investment property with rezoning opportunities and we currently have a major long-term tenant, Fitness First, in place.
ICD’s highly informed and strategic project choices appeal to joint venture partners keen to benefit from our market knowledge and reduce their risks.
Our culture is based on the exchange of good ideas and constant dialogue between all members. If you share our egalitarian and creative approach to work (and life), contact us today.
Level 18, 303 Collins Street
Melbourne VIC 3000
Level 19, 233 Castlereagh Street
Sydney NSW 2000