Hancock & Gore targets direct property investments to provide a source of short-term income and longer-term capital growth.
Exposure to the Australian property sector with skilled managers rounds off HNG investors exposure to an array of asset classes.
Hyde Road Property
H&G now owns 73% of the Hyde Rd property alongside other Mountcastle shareholders. The property is a high yielding asset with strong tenancies and substantial long term development potential. There is long-term upside from a potential redevelopment of the precinct.
Yeronga is only 6 km from the Brisbane CBD & very close to the University of Queensland, St Lucia Campus. The site is presently included in a Strategic Inner City Industrial Area under the “Brisbane Industrial Strategy 2019”.
H&G will continue to optimise, reposition and maximise the value of the Hyde Rd property during FY23 and beyond.