Tower Central Trust

A direct property investment through an unlisted property trust investing in a commercial office building in Queensland’s fastest growing city.

  • Status Closed
  • Forecast Net Rate %pa 8.00*

*Forecast only & for the periods ending 30 June 2016 & 2017. Basis of forecast calculations & key assumptions are detailed in PDS. Forecasts of future distributions are not a guarantee they will be achieved & are not indicative of future performance.

The Trust will own the Tower Central office building in the commercial heart of Ipswich. Incorporating the iconic Ipswich Post Office and clock tower, this building is home to the Bendigo Bank, Australia Post and the Queensland Department of Justice and Attorney-General among others. The Property comprises a modern four level office building completed in 2009, which was integrated with the refurbished iconic Ipswich Post Office and clock tower.

Investment details

Fund Tower Central Trust (ARSN 606 264 653)
Investment type Single asset, closed-end, unlisted property trust
Sector Commercial office
Property 114 Brisbane Street, Ipswich, Queensland, Australia
Investment term The expected term1 of the Trust is 5 years from the settlement date of the Property
Purchase price $22.35 million
Loan-to-valuation ratio (LVR) 50%
Unit price $1.00 per Unit
Distributions Forecast 8.00%pa2 paid monthly in arrears following settlement of the Property
Tax deferred advantage Forecast to be 63.40% tax deferred for Year 1 and 58.61% for Year 2 (see PDS for details)
Net Lettable Area 4,564 sqm

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Investor contacts

Gary Connolly

Business Development Manager

Walter Raspopin

Business Development Manager

Financial Adviser contacts

Trevor Gibson

National Adviser Services Manager
QLD, VIC, TAS, SA, WA and NT

Geoff Coakley

Business Development Manager
NSW and ACT

Important: This advertisement issued by Trilogy Funds Management Limited, provides general information only and is not an offer of securities. It does not provide financial product advice and does not take into account your particular investment objectives, financial position or needs. If you require personal advice on the suitability or other aspect of this investment, consult a licensed adviser who will conduct an analysis based on your circumstances. Applications for an investment in the Tower Central Trust can only be made on the application form accompanying the Product Disclosure Statement dated 17 July 2015 (PDS) issued by Trilogy Funds and available in printed and electronic form by contacting Trilogy Funds on 1800 230 099 or via www.trilogyfunds.com.au. The PDS should be read in full, particularly the ‘Investment Risk’ section, prior to lodging any application. Investments involve risk which can lead to loss of part or all capital. By accessing the application forms under the “Downloads & Forms” sidebar, you confirm you have accessed and read the PDS.
Manager, Responsible Entity and product issuer: Trilogy Funds Management Limited ACN 080 383 679 AFSL 261425

NZ Investors: Trilogy Funds (NZ identifier 2629111) has elected, with immediate effect, under clause 7 of Schedule 4 of the Financial Markets Conduct Act 2013 for the offer of Tower Central Trust to be made into New Zealand under the Financial Markets Conduct Regulations 2014 rather than the Securities (Mutual Recognition of Securities Offerings—Australia) Regulations 2008.  Prospective investors can find New Zealand regulatory information about the offer on the Disclose website http://www.business.govt.nz/disclose by selecting ‘search offers’ and entering offer number ‘OFR10235’.  Prospective investors can also email Trilogy Funds for more information at investorrelations@trilogyfunds.com.au.

FOOTNOTES

(1) The expected term of the Trust is 5 years from the settlement date of the Property. Trilogy Funds is permitted to extend the term for a further 2 years (to 7 years in total) if it believes this will deliver a better outcome to Investors. If Trilogy Funds wishes to extend the term beyond 7 years (up to 10 years in total), then it would seek the permission of Unit Holders. Refer to Section 3.11 of the PDS for further information.

(2) 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.