About Clarendon Property Group

CLARENDON PROPERTY GROUP

The Clarendon Centre was recently completed by the Clarendon Property Group which has extensive expertise and experience in Commercial Property Development and Investment.

The Group is a major shareholder in numerous commercial properties including:

• Victoria Square Shopping Centre - South Australia
• Swan Hill Shopping Centre - Victoria
• Greenvale Shopping Centre - Victoria
• Clarendon Shopping Centre in South Melbourne (retail/offices) - Victoria
• Westpac Building in Cairns (retail/offices)  - Queensland
• Oceana Walk Arcade in Cairns (retail/offices) - Queensland
• Edmonton (retail/offices) in Cairns - Queensland

PROJECT & DEVELOPMENT EXPERIENCE

Cairns Hotel Development

The Group has been involved in numerous projects in Cairns with a total value of approximately $50 million including:

• Tradewinds Esplanade, an international standard hotel was developed in 1985 on a 1.75 acre site of the Cairns esplanade. This hotel cost $28 million to complete and includes 259 suites, plus restaurants, bars and swimming pool.
• Tradewinds Outrigger was refurbished and renovated in 1986 costing $10 million.  This hotel includes 93 suites, plus a swimming pool, restaurant and extensive landscaping.
• Tradewinds Sun Lodge, refurbished for $4 million in 1987 includes 65 suites.
• Winning tender from Cairns Port Authority in 1988 to reclaim the land on which the Shangrila Hotel and Retail Complex is currently located.

Shopping Centre Investments

• Stud Park Shopping Centre in Victoria was purchased for $30 million in 1992 and sold to Mercantile Mutual in 1998 for $58.75 million.  Clarendon Property Group were responsible for $15 million worth of construction which expanded the Centre to include a Woolworths supermarket, a Mitre 10 store and 20 specialty stores.

• Victoria Square Shopping Centre in the heart of the Adelaide CBD was purchased in 1997 and currently holds a market value of approximately $18 million.  It includes a Coles supermarket and 64 specialty stores.
• Swan Hill Shopping Centre in Northern Victoria was purchased for approximately $7 million and includes a Coles supermarket and 6 specialty stores.
• The Greenvale Shopping Centre near Tullamarine Airport in Melbourne was purchased in 2004 and is valued at approximately $30 million.  The Centre comprises of a Coles supermarket and 28 specialty shops.
• The Clarendon Shopping Centre, South Melbourne was purchased in 1999 and is valued at approximately $62 million.  This Centre comprises of a Coles supermarket and 23 specialty stores.
• The Westpac Building at 63-69 Lake Street,Cairns is a five story retail/office complex in the heart of CBD, purchased in 2003 and valued at approximately $9 million.
• Oceana Walk Arcade at 51-53 Lake Street, Cairns is a two story retail/office centre in the heart of the CBD, was purchased in 2006 and is valued at approximately $10 million.
• 107-111 Bruce Hwy Edmonton, Cairns was purchased in 2007.  A planning permit will allow for development of a substantial office and retail complex which will be valued at approximately $10 million on completion.

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