Project Summary

Purchase Details:

Date: June 2012

Purchase Price: £6.95 million

Entry Yield: 10%

Key Interventions:

Identified changing demographics in the area.

Executed a complete rebrand and repositioning of the asset.

Relocated the gaming room to achieve smoking compliance.

Activated the car park for food and beverage events.

Invested £750k in CAPEX to implement improvements.

Exit Details:

Date: November 2017

Sale Price: £22 million

Financial Performance:

Holding Period: 5.5 years

Value Appreciation: £15.05 million increase (216.6% total ROI before costs).

Key Value Drivers: Strategic repositioning, demographic targeting, and activation of under-utilised space.

Project Summary

Purchase Details:

Date: March 2010

Purchase Price: $12 million

Entry Yield: 10%

Key Interventions:

Conducted a soft re-brand and hard repositioning of the asset.

Executed an existing Development Application (DA) to relocate the gaming room.

Relaunched the first floor under a new branding strategy.

Transformed the unused second floor by launching "The Standard Bowl."

Invested $1.1 million in CAPEX to implement these changes.

Exit Details:

Date: October 2017

Sale Price: $20.5 million

Financial Performance:

Holding Period: 7.5 years

Value Appreciation: $8.5 million increase (70.8% total ROI before costs).

Key Value Drivers: Strategic repositioning, targeted CAPEX investment, and operational improvements.