EPA Building, 200 Victoria St, Carlton

Asset Type: Commercial property

Return: Commercial lease. Forecast IRR of 30% including income and capital gain on sale of property to Australian Unity after one year. Since 1 June 2014, the Property has been fully occupied with a weighted average lease expiry (WALE) of 8.6 years and more than 96% of income secured by two high quality tenants.

Environmental intention: The building is located on the northern fringe of Melbourne’s CBD and is one of the most environmentally sustainable commercial buildings in Australia with a SIX STAR Green Star rating; one of only sixteen buildings in Australia with that rating.

Social intention: The building’s anchor tenant, the Environmental Protection Authority, occupies four levels of the building. In May 2014, the Impact Investment Group leased the vacant top two levels of the building to Trinity College, University of Melbourne. Trinity College has leased the space for its Australian Foundation Studies Program, which provides a bridging year for international students and enables them to access academic studies at the University of Melbourne.