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Property Sector

Pacific International Suites in Parramatta

The Pacific International Suites Parramatta complex is superbly positioned close to numerous tourist, business and sport attractions.

The lower rise hotel at the front has 137 suites and features restaurant, bar, swimming pool, spa, gymnasium, conference rooms and more. The high rise, Governor Phillip Tower has 95 one and two bedroom apartments providing high-quality accommodation ideal for business travellers and tourists.

As an indication of the property’s level of quality, the whole complex hosted the US 2000 Olympics Basketball “Dream Team”. This A$60 million project was completed in mid of 2000.

FPCU advised the owner of a hotel on the placement of senior and mezzanine debt for the development.

The Lexington, Sydney CBD

The Lexington is a New York style apartment building right in the heart of the Sydney CBD, managed as an all suites hotel through Great Pacific’s subsidiary Pacific International Hotels. The building is 28 storeys high with distinctive exterior in the spirit of the famed Chrysler Building. An array of studio and 1 bedroom + study apartments are offered so one can choose a plan that suit one’s budget. This A$40 million project was completed in early 2000.

FPCU advised the owner of a hotel on the placement of senior and mezzanine for the development in Sydney.

Affinity Apartments, Maroubra

Affinity Apartments is located in Boyce Road, Maroubra. The development consists of 42 residential units and a commercial unit. This boutique development is a short walk from Maroubra town centre. The construction of this A$23 million development was completed in 2004.

FPCU advised an Australian property development company on funding the development and placed the construction loan and a mezzanine debt facility.

Pacific International Waterfront Resort

Pacific International Waterfront Resort is located at the at The Entrance, a popular resort area in NSW. The Resort consists of 146 studio, one bedroom and 2 bedroom apartments, together with significant conference facilities, restaurant, recreational facilities and retail shops. This A$40 million project was completed in mid 2000.

FPCU advised the developer on the funding for the Resort development.

State Apartments, Waitara

State Apartments is located at Orara Street, Waitara with outstanding architectural design, quality and superior finishes, offering all the convenience one need close to Westfield and an easy walk toWaitara train station. This A$45 million project comprises of 102 units.

FPCU acted as financial adviser and had an equity participation in this project.

Royal Garden Hotel Sydney

 

FPCU advised the owner of a hotel on the placement of senior and mezzanine debt for the redevelopment and conversion of a 220-room hotel to a residential development in Sydney.

Others

Advised the owner of a hotel on the placement of senior and mezzanine for the development of a 3 story, 14 unit apartment block in Sydney.

Advised an Australian property development company in the placement of senior and mezzanine debt for a 270 serviced apartment and commercial development in North Sydney.

China: FPCU investigated a property project called Kunshan Agriculture Bio-Science Park.