247 Collins Street, Melbourne
This property was acquired for a single offshore listed investor. Vantage completed the purchase, undertook a refurbishment, fully leased the building and managed the sale within two years of ownership.
Purchase price:
$22.68 million
Sale price in 2017:
$35 million
Hold period:
2 years
Net gain for investors:
74.41% *
Total return for investors:
37.21 per cent per annum
Premium to valuation:
45.83% *