Puma Energy Refurbished / Rebranded Acquisition - Coopers Plains, QLD
The group divested this asset in 2019 for a 16.19% ROE over a 4 year investment term.
The service station was in a prime positioned corner location, servicing a catchment area that has a strong industrial business presence with significant residential dwelling growth potential.
Located approximately 13km from the Brisbane CBD. The Group had implemented a strategy with capex investment that had improved the appeal of the asset to its tenant, Puma Energy.
In addition, the returns are expected to be highly tax advantaged given depreciation benefits.
Pictured below: Our tenant, Puma Energy refurbished and re-branded the Brisbane Metro site in September 2016. We believe this had created more value for both the tenant and the investment.