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 company that was founded in 2012 by Mr Xiangmo Huang. Under the leadership of Mr Huang as company chairman and CEO Eric Roozendaal, a former treasurer of NSW, Yuhu is active across property and asset identification and acquisition, through to property management, development and sales.

In a relatively short period, Yuhu Group Australia 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 into 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 in 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.

YUHU’S FOUNDER
Mr Huang is well-known in both Australia and China 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.

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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CEO'S MESSAGE

I am pleased to report that Yuhu Group has taken significant strides forward since our establishment in Australia and is exceptionally well-placed for the years ahead.

Our balance sheet is strong and our commercial investments are delivering solid returns; major projects are progressing on time and we remain in the market for quality assets with future development potential.

The first half of 2017 marked the commencement of a new growth phase when Yuhu Group acquired new commercial assets at Pymble and Northbridge both on the sought-after upper north shore of Sydney.

We also entered a AUD $380 million agreement to acquire the iconic Bakehouse Quarter precinct in the inner west, which we see as an outstanding long-term investment with future development upside. We intend to continue the growth of our property portfolio and will be highly-selective of the assets we target to maintain the quality of our portfolio.

On the development front, construction is underway on our first major residential project, The Miller in North Sydney. It will set a new benchmark for sophisticated urban living in close proximity to all conveniences and just 50 metres from the proposed new metro station.

We are also excited by the prospect of advancing our development vision for the Eastwood town centre in Sydney’s north west. This master-planned community would feature a choice of living options cleverly
linked to retail and commercial conveniences.

The Eastwood project would represent more than AUD $400 million of capital investment on completion and serve as a prime example of urban renewal.

The Yuhu team has proven adroit in identifying quality investment opportunities that meet both our short and longer-term objectives. As a result, we look to the future with confidence and optimism.

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