Smith Street

Location
The Property is located approximately 68km south of the Sydney CBD and around 1km north of the Wollongong CBD, providing convenient access to a wide range of established amenities. Transport connectivity is supported by the Princes Motorway, located approximately 2km away, offering direct access to Sydney, while Wollongong Train Station is situated just 600m from the site.

Development
The development comprises 150 residential units across Levels 2 to 9, offering a mix of 1 to 3-bedroom apartments, including 105 standard residential apartments, 27 affordable housing units, 17 Specialist Disability Accommodation (‘SDA’) apartments, and 1 overnight on-site assistance unit. The ground floor will feature 4 retail/commercial units, while 183 car parking spaces are provided across two levels. Site progress includes the completion of foundation piles, slab-on-ground works with pours 1 and 2 completed, as well as the completion of stormwater works. Practical completion of the project is expected in September 2027.

Purpose
The Loan proceeds will be used to assist with refinancing, equity repatriation and construction of a mixed-use development.

Exit Strategy
The primary exit is settlement of sales with the remaining apartments being refinanced into a residual stock facility at the end of the Loan Term.