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MILLENNIUM GROUP is currently considering the acquisition of individual properties, or portfolios, in the range of $5 million to $500 million per acquisition. MILLENNIUM GROUP has a preference for investments within the following markets:
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Retail Malls and Big Box |
Office (CBD or Suburban) |
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• Australia
• China
• Hong Kong
• India
• Korea
• Malaysia
• Singapore
• Thailand
• Vietnam
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• Australia
• China
• Hong Kong
• India
• Korea
• Malaysia
• Singapore
• Thailand
• Vietnam
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• Australia
• China
• Hong Kong
• India
• Korea
• Malaysia
• Singapore
• Thailand
• Vietnam
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Investment Structure : Purchases will be 100% fee interest (ground lease under 50 years discouraged). Will consider a co-investment position. If a transaction is larger than $100 million, MILLENNIUM GROUP may choose to obtain an institutional co-investor and/or third party financing at closing.
Property Type : Property types considered include multi-tenant or single tenanted CBD or suburban offices, industrial distribution or manufacturing facilities, multi tenanted CBD retail malls, single tenant big box CBD or Suburban retail, carparks. Reference should be made to the specific requirements per the attached.
Yield Requirements : The yield requirements vary based upon tenant credit, location, rent increments, lease terms, physical attributes, and will be commensurate with market conditions.
Lease Term: For all properties, a preference will be given to individual properties and portfolios that have upside potential in existing leases and/or future leasing.
Environmental : Properties must be free of any hazardous materials or environmental liabilities.
| Submissions Information : |
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• Physical Description
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• Market Information
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• Location Map
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• Site Plan/Survey
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• Detailed Lease Summary
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• Operating Statements for Past 3 Years
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• Detailed Rent Roll
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• Existing Financing Information
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• Major Tenants’ Financial Statements
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• Floor Plans
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• Color Photographs & Aerials
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Submission of Offering Packages : Send to “Properties for Sale ” at the address below or fax to +852 2297 0066
Millennium Group
8/F Two Exchange Square,
8 Connaught Place, Central
Hong Kong
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DISTRIBUTION / WAREHOUSE
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INDUSTRIAL
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TENANT TYPE
(Single-tenant)
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Prefer credit oriented rent roll, high-grade institutional quality single or portfolio assets.
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Prefer credit oriented rent roll, high-grade institutional quality single or portfolio assets.
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| (Multi-Tenant) |
Prefer credit oriented rent roll, high-grade institutional quality. Preference given to industrial estates or parks |
Prefer staggered rent roll - 5 year lease terms. Prefer industrial estates, parks or districts |
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LEASE TERM
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Minimum 5 plus years for multi-tenant
Minimum 7- 10 plus years for single tenant
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Minimum 5 plus years for multi-tenant
Minimum 7- 10 plus years for single tenant
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LOCATION
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In a path of the flow of goods via airports, trucking, rail and seaport networks. Area must have an efficient infrastructure and multiple highways or transportation corridors.
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Areas in close proximity to significant economic generators. Area must have an efficient infrastructure and access to labour supply.
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PHYSICAL AMENITIES
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Design type: Modern bulk and / or high tech distribution
Loading: Dock
Bay Depth: 150 ft. to 300 ft. deep (double if cross-docked)
Clear ceiling height: 28 ft.+ on > 200,000 sf.
Parking ratio: Market standard or greater
Office finish: Less than 10%
Site Coverage: Less than 70%
Amenities:
• ESFR Sprinkler System
• Large concrete truck courts
• Cross-docked (preferred)
• Additional parking
Minimum Size:
• $5,000,000
• 100,000 sf
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Design type : Modern light industrial
Loading: Dock/semi-dock/grade
Bay Depth: 50 ft. to 100 ft. deep
Clear ceiling height: 14-24 ft.
Parking ratio: Market standard or greater
Office finish : 40% or less
Site Coverage : Less than 70%
Amenities:
• ESFR Sprinkler System
• Concrete truck courts
• Attractive landscaping
Minimum Size:
• $5,000,000
• 50,000 sf
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RISK
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Preference given to stable portfolios with high occupancy, low short-term rollover and/or excess land for expansion. No environmental problems.
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No Heavy Industrial. No environmental problems.
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APPEARANCE/AGE
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Facility should function as a competitive generic distribution building of equal or better quality than the competition and not more than 15 years old (excluding renovations). Will do Build to Suit
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Facility should function as a competitive generic light industrial building of equal or better quality than the competition and not more than 15 years old (excluding renovations). Will do Build to Suit
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OFFICE BUILDINGS - CBD
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OFFICE BUILDINGS - Suburban
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TENANT TYPE (Single-tenant)
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Prefer credit oriented rent roll, high-grade institutional quality single or portfolio assets.
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Prefer credit oriented rent roll, high-grade institutional quality single or portfolio assets.
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| (Multi-Tenant) |
Prefer credit oriented rent roll, high-grade institutional quality. |
Prefer staggered rent roll - 5 year lease terms. |
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LEASE TERM
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Minimum 3 plus years for multi-tenant
Minimum 5 plus years for single tenant
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Minimum 5 plus years for multi-tenant
Minimum 5-7 plus years for single tenant
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LOCATION
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CBD – Major markets
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Major markets, opportunistic, airport and economic growth areas
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PHYSICAL AMENITIES
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Construction : Class A or B
Design type : Modern office with functional floor plates
Ceiling height: 9 ft. minimum
Parking ratio: Market standard. Preference for fee ownership of parking
Office finish : Typical standard building finish
Amenities:
• Modern elevator banks and common areas
• Efficient floor plates (5,000 sf +)
• Life safety sprinkler system
• Attractive landscaping
• On-site and nearby parking
• ADA compliant
• Mass transit
Minimum Size:
• $20,000,000
• 150,000 sf
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Construction : Class A or B
Design type : Modern office with functional floor plates
Ceiling height: 9 ft. minimum
Parking ratio: minimum of 4 spaces per 1,000 sf;
Office finish : Typical standard building finish
Amenities:
• Modern elevator banks and common areas
• Efficient floor plates (10,000 sf +)
• Life safety sprinkler system
• Attractive landscaping
• Covered parking
• ADA compliant
Minimum Size:
• $25,000,000
• 200,000 sf
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RISK
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Prefer stabilized properties with staggered lease rollover. No environmental or structural problems.
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May consider properties with upside potential through lease renewals or lease-up of vacant space. No environmental or structural problems.
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APPEARANCE/AGE
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Attractive and competitive Class A or B facilities, Will do Build to Suit
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Attractive and competitive Class A or B facilities, Will do Build to Suit
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Retail Malls
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Big Box Retail
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TENANT TYPE
(Single-tenant)
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Prefer credit oriented rent roll, high-grade institutional quality single or portfolio assets.
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Prefer credit oriented rent roll, high-grade institutional quality single or portfolio assets.
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| (Multi-Tenant) |
Prefer credit oriented rent roll, high-grade institutional quality. Preference given to properties located on key infrastructure nodes, Mass Transit, Airports |
Prefer staggered rent roll - 5 year lease terms. |
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LEASE TERM
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Minimum 3 plus years for multi-tenant
Minimum 7 plus years for single tenant
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Minimum 5 plus years for multi-tenant
Minimum 7 plus years for single tenant
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LOCATION
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CBD – Major markets
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High population areas and / or economic growth areas
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PHYSICAL AMENITIES
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Construction : Class A or B
Design type : Modern design with functional floor plates and passenger traffic
Ceiling height: 12 ft. minimum
Parking ratio: Market standard. Preference for fee ownership of parking
Finish : Typical High standard building finish
Amenities:
• Modern elevator banks and common areas
• Efficient floor plates (5,000 sf +)
• Life safety sprinkler system
• Attractive landscaping
• On-site and nearby parking
• ADA compliant
• Mass transit
Minimum Size:
• $30,000,000
• 350,000 sf
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Construction : Class A or B
Design type : Modern Retail Warehouse with large plates
Ceiling height: 20 ft. minimum
Parking ratio: minimum of 8 spaces per 1,000 sf;
Finish : Typical standard building finish
Amenities:
• Modern elevator banks and common areas
• Efficient floor plates (10,000 sf +)
• Life safety sprinkler system
• Attractive landscaping
• Covered parking
• ADA compliant
Minimum Size:
• $25,000,000
• 300,000 sf
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RISK
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Prefer stabilized properties with staggered lease rollover. No environmental or structural problems.
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Secured Head Lease with Covenant Operator, Sub Leases agreeable
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APPEARANCE/AGE
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Attractive and competitive Class A or B facilities, Will do Build to Suit
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Attractive and competitive Class A or B facilities, Will do Build to Suit
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MILLENNIUM GROUP also has an active construction and investment program for land holders
Please contact
Martin H. Kaye on +852 2297 2206
email: info@millenniumgroup.net
You can also visit our website at www.millenniumgroup.net
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