Project update 2 June 2023

254 Hampshire

A six story development comprising 16 retail shops, 5 offices, 56 apartments, car parks and a rooftop gym with communal space.

By David Cowen

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Project Information

Mosaic has acted for the developers since the site acquisition in 2011 and advised during the planning phase working closely with the consultant team. When the site was development ready, we secured the senior debt development funding with a trusted non-bank partner and provided mezzanine debt from our Fund. The blended funding solution allowed the developers flexibility to get the project underway with lease and pre-sales milestones.

254 Hampshire was designed in high quality that provides a vibrant hub where local business owners operate; tenants and owner-occupiers alike will live in apartments near the train station and enjoy the rooftop terrace and amenities.

We can proudly state that this development is complete with six stories comprising 16 retail shops, 5 offices, 56 apartments, car parks and a rooftop gym with communal space.

“Being a part of this project over a 12 year period, it is rewarding to see this building complete and the precinct activated. We worked closely with the senior debt funder and the project team navigating the construction during some difficult periods in 2022. This project is a shining example of the Mosaic value proposition, being an active funder and trusted advisory partner.”