Miller Street Partners originated the acquisition of a distressed 32-unit waterfront development in Sydney and subsequently partnered with a high net worth European family. MSP undertook the refurbishment and marketing of the property, launching it on the day after the stock market “Black Friday” in October 2008.

The project was closed out nine months later and achieved a rate of return on equity of 28 per cent, a stand-out achievement in the midst of the Global Financial Crisis.

A well-conceived and executed marketing plan generated wide coverage in print media and television, leading to the property being widely regarded as the runaway success story of 2008.