Newsroom

Silver@The Exchange Update

The BRB Group, developer of Silver@TheExchange at Varsity Lakes, has advised that construction of the projectng has now been completed within time and budget.

The mezzanine funding of this landmark property was provided by a number of investors who subscribed $5M in the BRB Mezzanine Fund No. 5 scheme. The property is now being leased up and already over 55% of the entire lettable area is either leased or under negotiation, reflecting the strong demand by tenants for quality office space in the Varsity precinct.

Silver@TheExchange will be listed for sale in one line early in 2006.  The developer is confident that a sale can be achieved by June 2006, at which time the investor funds will be repaid in full.