Eureka Funds Management
 
  Funds  
   
Eureka Core Property Fund 3
 
 
 

Eureka Core Property Fund 3 was established in July 2006 with equity commitments totalling in excess of $440 million. It is an unlisted unregistered managed investment scheme and it is closed to new equity commitments.

The investment strategy of the Fund is to invest in a broad range of real estate assets across Australia and New Zealand that predominantly produce returns in the form of income. This is likely to include exposure to major real estate sectors such as industrial, office and retail together with emerging real estate sectors such as hotels and car parking. The strategy will enable the fund not only to invest in core type assets, that typically produce stable returns, but also includes a portion of investments that provide certain value add opportunities.

The gross assets of the fund were valued as at 30th June 2008 at approximately $624 million. The investment phase of this fund finishes in March 2009.



251 Wharf Road, Newcastle

Address:   251 Wharf Road
Location:   Newcastle CBD
Type:   Office
Year Constructed:  
1988
Net Lettable Area:  
4,795 sqm
Office Grade:   A Grade
Car Parking:   52 bays
Acquired:   December 2006


The property is located in the recently re-developed Honeysuckle precinct of Newcastle, overlooking Newcastle Harbour. The building is comprised of 4 levels of quality office accommodation, with its main frontage to Wharf Road overlooking Newcastle Harbour. Additionally, there is a basement car park catering for 52 vehicles.
 


11 Argyle Street, Newcastle

Address:   11 Argyle Street
Location:   Newcastle CBD
Type:   Car park and office
Year Constructed:  
Early 1980’s
Net Lettable Area:  
5,002 sqm
Office Grade:   B Grade
Car Parking:   342 bays
Acquired:   December 2006


The property is located in the recently re-developed Honeysuckle precinct of Newcastle. The building comprises 6 levels, split between car park and office accommodation. The lower 4 levels of the building are comprised of car park space.




Four Seasons Hotel,
Sydney

Address:   199 George Street, Sydney
Location:   Sydney CBD
Type:   Hotel
Year Opened:   1982 (re-branded 2001)
No. of Rooms:   531
Star Rating:   5 star
Ownership:   75%
Co-Owner:   Eureka Core Property Fund 1
Food & Beverage:   Restaurant, café and bar/lounge
Conference Facilities:   8 function and meeting rooms with total of 2,670 sqm
Other Guest Facilities:   Outdoor pool, health club containing day spa and fitness centre, executive club
Retail:   8 tenancies
Acquired:   October 2006


The Four Seasons Hotel is an iconic Australian
5-star hotel, overlooking Sydney Harbour and the Rocks district. The hotel comprises 531 rooms of which half have either full or partial views of Sydney Harbour. Other rooms overlook Darling Harbour and the Sydney CBD.

The Four Seasons Hotel offers a variety of food and beverage outlet options including Kable's fine dining restaurant, The Café, The Bar and The Cabana pool side bar. The Hotel also features one of Sydney’s finest conferencing and function facilities which includes a pillarless Grand Ballroom that holds 600 people for dinner or 1,000 people for theatre style conferencing.

 


Grand Plimmer Complex,
Wellington,  New Zealand

Address:   2-6 Gilmer Terrace, Wellington
Location:   Wellington CBD, New Zealand
Type:   Office, hotel and car park
Year Constructed:   1977, 1986 and 1967 respectively
Net Lettable Area:   14,786 sqm and 7,774 sqm respectively
Ownership:   50%
Co-Owner:   Toga Group
Office Grade:   Lower B Grade
No. of Rooms:   94
Star Rating:   3.5 star
Car Parking:   623 bays (28 bays leased by hotel operator)
Retail:   14 retail tenancies
Acquired:   7 November 2006


The Grand Plimmer Complex comprises a
21-level office building (including 4 levels of retail), a 13-level 94 room free-standing Hotel, and a separate multi-level car park facility comprised of 11 part levels totalling 623 bays. The complex sits on the fringe of the core precinct of the Wellington CBD with frontages to Gilmer Terrace and to Boulcott Street, with a principal frontage to the Plimmer Steps. The complex itself is within walking distance of the harbour and city retail precincts.




67 Albert Street,
Chatswood

Address:   67 Albert Street
Location:   Chatswood business district
Type:   Office
Year Constructed:  
1989
Net Lettable Area:  
15,180 sqm
Office Grade:   A Grade
Car Parking:   204 bays
Acquired:   March 2007


This property is a modern "A grade" office building completed circa 1989, comprising two and a half levels of basement car parking for 204 cars and 15 levels of office accommodation and having a total net lettable area of 15,180 m². The property is situated on the northern side of Albert Avenue in Chatswood, approximately 9 kilometres north of the Sydney CBD. The elevated plaza provides direct pedestrian access to the Mandarin Centre (an adjacent retail centre) and the Chatswood Transport Interchange which is currently under construction.

 


182-186 Blues Point Road,
McMahons Point, North Sydney

Address:   182-186 Blues Point Road, McMahons Pt
Location:   North Sydney Business District
Type:   Office
Year Constructed:   1961, total refurbishment 1992/1993
Net Lettable Area:  
4,189 sqm
Office Grade:   B Grade
Car Parking:   27 bays
Acquired:   June 2007


The property is located on the western side of Blues Point Road in the harbourside suburb of McMahons Point. A commercial office building totally refurbished in 1992/1993 and comprising 7 levels of approximately 4,200 sqm of quality office accommodation, the property's elevated position provides for views across Lavender Bay and the Harbour Bridge. Additionally, the carpark facilities on level 2 caters for 27 cars. The ground floor includes three retail tenancies comprising a newsagency, business services centre and a café.




101 Miller Street & Greenwood Plaza,
North Sydney

Address:   101 Miller Street
Location:   North Sydney CBD
Type:   Office, Retail and Car Park
Year Constructed:  
1992
Net Lettable Area:   36,700sqm &
8,700sqm respectively
Ownership:   37.5%
Co-Owner:   12.5% Eureka Core Property Fund 1,
50% Mirvac Group
Office Grade:   Premium Grade
Car Parking:   530 bays
Acquired:   June 2008


The property is a landmark premium grade office tower, car park and major retail centre located in the heart of the North Sydney CBD. The property comprises a 36,700 m² premium office tower over 28 floors which has recently undergone a $40million refurbishment, 8,700 m² shopping centre with 106 tenancies and a 530-bay car park.

 


Crowne Plaza Hotel,
Christchurch
, New Zealand

Address:   70 Kilmore Street, Christchurch
Location:   Christchurch CBD,
New Zealand
Type:   Hotel
Year Opened:   1988
No. of Rooms:  
298
Star Rating:   4.5 star
Food & Beverage:   Restaurants, cafe,
bar & lounge

Conference Facilities:

  Four conference rooms with capacity for 160 people on a combined 'opened up' basis
Other Guest Facilities:  
Gymnasium and 250-bay basement level carpark
Acquired:   31 July 2008


The Crowne Plaza Hotel, Christchurch is a 4.5 star hotel that is prominently located on the corner of Durham and Kilmore Street. The site is located on the link route between the Christchurch CBD core and the airport. Nearby attractions include the Christchurch Convention Centre, Town Hall, the River Avon, Victoria Square and boutique shops along Victoria Street. The property comprises 298 rooms, restaurants and bars, club lounge and basement parking for 250 vehicles. The hotel is earmarked for a major refurbishment expected to commence in late-2009.

 




 
   
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