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
CLIENT
NSW State Government
TOTAL VALUE
$100m
OUR ROLE
Investor/Developer
Asset Manager
DEVELOPMENT PARTNER
Centuria Capital Group
BUILDER
Various
ARCHITECT
Various
SERVICES CONTRACTOR
Compass Housing
FINANCIAL CLOSE
2018
COMPLETION DATE
2021
CONTRACT TYPE
Design, build, finance, operate and maintain