CORPORATE PROFILE

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, Australian, family-owned business that was founded in 2012 by Mr Xiangmo Huang who is company chairman.

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 and its associated entities has built an impressive investment portfolio containing high quality property assets.

In early 2018, the portfolio was significantly enhanced with the acquisition of two major development projects, including One Circular Quay in Sydney and The Jewel at Surfers Paradise on Queensland’s Gold Coast. These projects will feature exclusive residences, five-star hotels, boutique retail and restaurants in two of Australia’s most sought-after waterfront locations.

On completion, it is estimated these landmark projects will represent AU$2.8 billion of investment.

A focus of Yuhu’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, the company will continue to actively identify additional investment opportunities that fit this strategy, while at the same time advancing its 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 an 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 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.

YUHU’S FOUNDER
Mr Huang is well-known for his philanthropy and community leadership.

Yuhu Group Australia founder Mr Xiangmo Huang and his family migrated to Sydney in 2011 because of the quality of life advantages and new investment opportunities on offer.

The company he formed in 2012 is today a predominantly Australian-owned family business with the major shareholders proud Australian citizens.

In his native China, Mr Huang established the Shenzhen Yuhu Investment Development Company Limited in 2001, a private company specialising in property development. The Yuhu name comes from the small town in Guangdong Province in which he was born.

The company earned a reputation for constructing quality villas and high-rise apartments and later extended its investments to agriculture, logistics and clean energy.

Prior to starting his own businesses, Mr Huang held senior positions with a major railway construction company and studied economics and history. In 2015 he was appointed as an Adjunct Professor at the University of Technology Sydney (UTS) in recognition of his outstanding achievements as a business leader and contributor to international relations and community welfare.

CHAIRMAN'S MESSAGE

Having entered a very exciting growth phase, the coming years will be full of activity for Yuhu Group Australia.

After laying some solid foundations from which to grow the business, following our establishment in 2012, we are now looking to go to another level.

The centre pieces include:

  • Eastwood and Glenwood suburban shopping centres.
  • Pymble Corporate Centre and Northbridge commercial centre on Sydney’s upper north shore.
  • Berry 20, a major office building in central North Sydney.
  • The prime Miller Street site of our first major residential development in North Sydney.
  • We have also entered into an agreement to acquire the outstanding Bakehouse Quarter precinct in Sydney’s inner west.

Our strategic focus is on those assets that will deliver capital growth as well as solid cash-flow over the longer period through commercial and retail tenancy.

In particular, we are targeting larger-scale assets which have the added benefit of future mixed-use development potential, including a combination of residential, retail and commercial. This approach makes sense to us as opposed to a specific residential focus that presents the ongoing challenge of having to identify suitable sites, typically with limited cash-flow opportunity.

Our vision to transform the Eastwood Shopping Centre, one of the group’s earliest acquisitions, into a vibrant new master planned community illustrates our strategic investment approach.

We certainly intend to remain active in the market with a view to further growing our portfolio over the coming years as we also contemplate the management of investment funds linked to our assets.

Beyond our investment and development activities, at Yuhu we have also instilled a strong sense of social responsibility and we seek to lead by example.

We are very proud of the support we are able to provide to a range of outstanding community groups such as the Children’s Medical Research Institute at Westmead. We intend to build on this track record.

I am also passionate about promoting cultural diversity and greater understanding and take my community leadership role in this respect very seriously. We are for example delighted to support events like Sydney’s Chinese New Year celebrations.

At Yuhu we are pleased with the progress we are making in Australia, but we also have a long journey.

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DIRECTOR'S MESSAGE

The associated acquisition in 2018 of two of Australia’s finest major development opportunities marked a very proud and significant moment for our company.

These projects, including One Circular Quay in Sydney and The Jewel on Queensland’s Gold Coast, benefit from two of the best waterfront locations in the country. This brings an important responsibility to make the absolute most of these sites by delivering stand-out integrated developments that are both iconic and truly world-class.

Accordingly, both projects will feature a blend of exclusive private residences, luxurious five-star hotels as well as boutique shopping and restaurants.

Construction is well underway on the Jewel project, which features three stunning, crystal-inspired towers of varying heights to take full advantage of prime beachfront positioning. Meanwhile, following demolition works, One Circular Quay will be developed in a superb location between Sydney’s famous landmarks in the harbour bridge and opera house. The views from each project will be something to behold.

Personally, I am excited about what the hotel components of our projects will bring to both Sydney and the Gold Coast. They present an enormous opportunity to set a new standard at the premium end of the Australian hotel market, with particular emphasis on attention to detail, high quality fit-out and providing a memorable visitor experience.

We envisage that these new hotels will be welcome additions to Australia’s tourism industry with both Circular Quay and the Gold Coast extremely popular with international and domestic visitors alike. They will provide great havens in the heart of two very vibrant centres.

Overall, we estimate that One Circular Quay and The Jewel will represent around AU$2.8 billion of investment on completion and will create in the order of 2,500 jobs, as well as support many jobs during the construction phases.

Yuhu Group Australia is a company at the forefront of major development in this country and these latest projects reflect the high hopes we have in Australia’s future.

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