Yuhu Group Australia made news in July 2017 with confirmation it had entered a AUD $380 million call option agreement to acquire the iconic Bakehouse Quarter, at North Strathfield, in Sydney’s inner west.
This major commercial and retail precinct is spread over more than six hectares on the former site of the historic Arnott’s factory and warehouse.
It is uniquely located near two railway stations as well as the new Westconnex Motorway.
The Bakehouse Quarter would form a significant part of Yuhu’s medium to longer term investment strategy of acquiring high quality assets with existing cash flow income streams through strong retail and commercial tenancy, combined with future development upside.
Planning for the Future
A future master-planning process could provide scope to develop the type of contemporary hub or town centre that reflects the company’s corporate values of seamlessly building better communities.
The option agreement is exercisable at the discretion of Yuhu Group and settlement of the Bakehouse Quarter is targeted between July and October 2018.