How this property investor can generate up to 25% in returns
For Michael Baliva, Head of Real Estate and Matt Healy, Head of Retail at Elanor Investors Group (ASX: ENN), adding value is the name of the game.
Elanor argues the market often undervalues mixed-use spaces and misses opportunities for transitions in the property market. By capitalising on these circumstances, and developing the properties they invest in, Elanor believes it can generate a total return of 15-25% for investors.
One such example is the investment they have made in the Tweed Mall - an asset that has both investors and government enthused.
"An opportunity to introduce a significant and substantial mixed-use development, which would see us partner with the state government and Tweed Shire Council."
In this wire, Michael and Matt discuss the intricacies of their style of property investing, as well as delve into how they are able to access these opportunities while avoiding some of the big risks in property development.
Want to know more about Tweed Mall?
Tweed Mall is a single level sub-regional shopping centre located near the Queensland border, only 4 kms from the Gold Coast International Airport. Situated on a 5 hectare site, Tweed Mall is anchored by Coles and Woolworths supermarkets, and a Target DDS. The anchors are supported by 4 mini majors and 61 specialty tenants, a significant amount of which provide non-discretionary products and services. Click here to find out more.
2 topics
1 stock mentioned
1 contributor mentioned