As a rapidly growing property development and investment company, Yuhu Group Australia remains fundamentally committed to fostering growth and building better communities.
Based in North Sydney, NSW, Yuhu is a private, predominantly Australian-owned family business that was founded in 2012 by Mr Xiangmo Huang. In early 2018, the company announced the appointment of Mr Nick Tobin as CEO.
Yuhu Group Australia is active across property and asset identification and acquisition, through to property management, development and sales.
In a relatively short period, the company has built the foundations of an impressive investment portfolio containing high quality property assets in and around Sydney. The company’s longer-term investment strategy centres on targeting prime assets with both solid income streams through commercial and retail tenancy as well as future development upside.
Over the next five years, Yuhu will continue to actively identify additional investment opportunities that fit this strategy, while at the same time advancing mixed-use development projects.
The company’s decision to enter a more active investment growth phase was evident in the first half of 2017, when it made more than AUD $500 million in new investment commitments. This included entering a AUD$380 million agreement to acquire the Bakehouse Quarter retail and commercial precinct in Sydney’s inner west. At the time, it was described as the largest prospective transaction of its type so far in NSW that year.
Late 2016 also marked an important milestone for Yuhu Group Australia with construction commencing on its first major development, The Miller residential tower in central North Sydney.
The company also owns and operates two suburban shopping centres north-west of the Sydney CBD at Eastwood and Glenwood and notable office buildings in North Sydney and other prime north shore locations, including more recent acquisitions at Pymble and Northbridge.
Final assessment also awaits Yuhu’s development application for the transformation of Eastwood town centre into a vibrant new residential, commercial and retail precinct. This would represent more than AUD $400 million of capital investment.
The company also continues to explore investment opportunities in agriculture and fisheries. Yuhu has made initial investments centred on fisheries in Tasmania and South Australia with a value of over AUD $30 million.
Proudly, Yuhu Group Australia has also demonstrated a strong commitment to philanthropy and in supporting a range of community events and initiatives. As evidenced by our commitment to growth, Yuhu is a company that is extremely optimistic about the future.