Quiksilver Asia Pacific Distribution Centre, North Geelong
Asset Type: Industrial property
Return: Commercial lease. 16% per annum coupon forecast to be repaid within one year. Capital gain of circa $5m on equity of $190K.
Environmental Intention: Greening building through
- upgrade of fluorescent lighting and motion-detection technology
- installation of automatic daylight switching, gas-boosted solar hot water system, rooftop photovoltaic array, and smart control system for high and low batt halide bulbs and ballasts
- installation of rain garden and tank to meet 100% of irrigation needs for the property
- re-landscape 7000m2 of permeable land with native flora
- install ecocrete and recycled aggregate hardstand driveway
Social intention: Improve employee wellbeing through upgrade of staff kitchen area and development of an outdoor employee activity area.