Henday Centre

The Story:

In 2007 the owners approached the acquisition team in hopes to sell the property, as it was only 50% occupied and had accumulated several years of difficulty up to this point. Instead of finding a buyer, the management team purchased the building in partnership with the original owners. Once overtaken by the experienced team, the Henday Centre was upgraded, re-tenanted and in a positive cash flowing position creating a win-win for all. Over the entire duration of ownership approximately 23% per annum has been achieved and this is not factoring in the appreciation. Appreciation is considered to be speculative and a bonus within the business model that is followed.