HABEN RETAIL NO. 4 TRUST (HR4T)
HR4T was established in late 2013 as a single purpose property trust. It acquired Centro Seven Hills for a total of $82.5m representing an initial passing yield of 9.4% net. The centre is anchored by Woolworths, Coles and Aldi Supermarkets.
Haben has since achieved the following:
- Implemented a cosmetic upgrade to the Centre, including to the food-court and bathroom amenities
- Leased vacancies
- Identified expansion and residential development opportunities
- Improved the centre operations