IKEA

Perth and Adelaide (WA & SA)

IKEA
Client
Location
Surface Area
Services
  • Combined sale value of $192m
  • IKEA Adelaide developed on lease hold land at Adelaide Airport. Investors benefited from 9.0%+ income returns and solid capital growth providing investors with an IRR of 13.44% over the investment term.
  • IKEA Perth, $108 million was raised through debt and equity. Sale of the asset generated investors a return of $1.74 on each $1.00 invested and over the term of the investment investors received IRR of 12.3%.‍

        Undertaken with the involvement of Steve Dixon as a shareholder and director of Lex Property Management.

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