Property fund manager Trilogy Funds Management Limited has announced its latest unlisted property trust offering closed fully subscribed yesterday.
The Tower Central office building located at 114 Brisbane Street, Ipswich becomes the sole asset of the Trust with a forecast return of 8%pa* from settlement.
Key tenants of the property include Bendigo Bank, Australia Post and the Queensland Department of Justice and Attorney-General (Office of the Public Guardian).
Trilogy Funds’ Head of Property Assets David Hogan said this raise was an opportunity for investors of various profiles to access a commercial property investment in Queensland’s fastest growing city1.
“Ipswich is a growth area and obviously investors agree this is a compelling investment opportunity,” Mr Hogan said.
“Investors seek diversity across properties and as such Tower Central Trust enjoyed the support of a number of Trilogy Funds’ existing investors.
“We are currently reviewing a number of other properties for our next property trust.” Trilogy Funds has offered three unlisted property trusts in the past two years, which have all been fully subscribed.
*This forecast is dependent on a number of assumptions, which are outlined in the PDS. Forecast only and for the periods ending 30 June 2016 and 2017 because Trilogy Funds is unable to make forecasts for periods greater than two years according to ASIC Regulatory Guide (RG) 170.39– 170.41. Basis of forecast calculations and key assumptions are detailed in the PDS. Forecasts of future distributions are not a guarantee that they will be achieved and are not indicative of future performance. Actual returns may be negative and you may lose some or all of your investment. There are risks associated with this investment and they are detailed in the PDS.
IMPORTANT: While every effort is made to provide accurate and complete information, Trilogy Funds does not warrant or represent that the information in this media release (current as of October 2015) is free from errors or omissions or is suitable for your intended use. Subject to any terms implied by law and which cannot be excluded, Trilogy Funds accepts no responsibility for any loss, damage, cost or expense (whether direct or indirect) incurred by you as a result of any error, omission or misrepresentation in information. This content has been prepared without taking account of the objectives, financial situation or needs of any particular individual. It does not constitute financial advice. For this reason, any individual should, before acting, consider the appropriateness of the information, having regard to the individual’s objectives, financial situation and needs and seek appropriate professional advice. Financial comparisons are for illustrative purposes only and should not be relied upon. Please note that past performance is not an indicator of future performance. Forecast yields are uncertain and rely on assumptions.