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Social and Affordable Housing Fund

Cardiff, Mayfield, West Gosford, Gosford, NSW

Partnered with Compass Housing to source, develop, deliver and maintain 190 dwellings across four separate properties throughout the Hunter and Central Coast regions.

 

These properties are delivered as part of the NSW State Government’s Social and Affordable Housing Fund.

 

The transaction is for a duration of 25 years under which Tetris Capital will be the asset manager, with Compass Housing undertaking tenant services and facilities management. Centuria Capital Group will undertake the development of the four properties.

 

Tetris Capital also arranged a unique multi-tranche, long-term fixed rate debt solution to remove financing risk from the transaction.

LOCATION

Cardiff, Mayfield, West Gosford, Gosford, NSW

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CLIENT

NSW State Government

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TOTAL VALUE 

$100m

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OUR ROLE

Investor/Developer

Asset Manager

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DEVELOPMENT PARTNER

Centuria Capital Group

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BUILDER

Various

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ARCHITECT

Various

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SERVICES CONTRACTOR

Compass Housing

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FINANCIAL CLOSE

2018

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COMPLETION DATE

2021

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CONTRACT TYPE

Design, build, finance, operate and maintain

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