Tower Central Trust
The Trust previously owned the Tower Central office building in the commercial heart of Ipswich. In late 2020, the property asset held within the Tower Central Trust, located at 114 Brisbane Street, Ipswich, Queensland, was sold to a Sydney property syndicator, Aviator Capital. We believe the sale of this asset has secured a good outcome for investors.
Over the five years it held the property, the Tower Central Trust paid monthly distributions equivalent to 8 per cent a year net of fees (excluding December 2020, which was included in the January 2021 payment after the sale of the property).
The final payment has now been made to investors. After the end of the financial year, the annual financials of the Trust will be audited, and an annual report released. Additionally, investors will receive their annual tax statement.
Incorporating the iconic Ipswich Post Office and clock tower, the Tower Central office 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.
|Fund||Tower Central Trust|
|Investment type||Single asset, closed-end, Unlisted Property Trust|
|Location||114 Brisbane Street, Ipswich, Queensland|
^ Net distribution rate paid to investors for the previous month ended. Please note, past performance is not a reliable indicator of future performance.
Regulatory Guide 46
For an overview of the Trust's financial performance for the last six months, download a copy of RG46.Download
Download your copy of the Tower Central Trust Annual Financial Report as at 30 June 2020.Download
Tax Deferred Amounts Fact Sheet
This fact sheet outlines the Australian income tax implications of the tax deferred amounts from property trusts.Download