Background & Scope
Whig Capital was retained by JASNI Pty Ltd to review a legacy investment in an unlisted commercial property trust. The Syndicate’s sole asset was a sub-regional shopping centre with a gross lettable area of 15,000 sqm. The Centre was originally developed in the late 90s and is currently anchored by two large supermarkets and multiple specialty retailers. Over four months, Whig Capital evaluated five years of financial statements, management reports and industry data. We also completed a site visit and conference call with the assigned fund manager. The aim was to establish the asset’s economic performance to date and whether the investment offered a favourable risk-reward payoff to unit holders (at current prices). An affiliated party of Whig Capital holds a beneficial interest in JASNI Pty Ltd.