Investing in Milton Office Trust | Trilogy Funds Australia

Invest in Milton Office Trust

(Coming soon)

The Milton Office Trust (Trust), is designed to provide investors with consistent income, potential for long-term capital growth, and an opportunity to diversify investment portfolios.

This unlisted property trust has been established to acquire a modern six-storey commercial office building at 16 Marie Street, Milton, an inner-city suburb approximately 2km from the Brisbane CBD. The property’s income is derived from a diversified list of tenants providing quality covenants.

^ Forecast distribution rate (net of fees, costs and taxes) for the period from property settlement (expected early December 2018) to 30 June 2020. Forecast returns are not guaranteed and are subject to the assumptions that will be set out in detail in the product disclosure statement, to be issued in late September 2018.

Offer summary

Offer opensExpected late September 2018
Offer closesOnce fully subscribed
Minimum investment$20,000
Maximum subscription$15.6 million
Unit price$1.00 per Unit
Investment structureSingle asset, closed-end, unlisted registered property trust.
TermThe expected initial term is 6 years from settlement with the possibility of extension to no more than 10 years.
Gearing Target gearing range of 50% to 55%
Settlement dateExpected early December 2018

Make an informed decision

We believe everyone should be equipped with the right knowledge when it comes to making an investment decision.

All investments in unlisted property trusts carry risk. As the Trust will invest in property it carries the market, property, and leasing risks associated with investing in property, particularly commercial office property. Additionally, there are risks relating to the structure of the Trust and the proposed offer, under the Product Disclosure Statement(PDS) currently being prepared. As a geared investment, the Trust carries associated financial and leverage risks. Risks can have an impact on distributions and capital returns over the term of the Trust. Before making an investment decision it is important that you read the PDS when it becomes available, understand the risks of investing, and seek personal financial advice based on your own situation, circumstances, and needs from a licensed financial adviser.

This webpage has been prepared by Trilogy Funds Management Limited as responsible entity of the Milton Office Trust ARSN 628 273 807. This is draft information only and as such certain statements or projections on this webpage may differ to the final product specifications. A Product Disclosure Statement (PDS) is expected to be issued by Trilogy in late September 2018 and will be available on this webpage or by contacting us.

Register your interest

Investment Status closed
Unit Price $1.00
Forecast distribution rate 7.50%PA

Asset summary

Address16 Marie Street, Milton, Queensland
Purchase price$25.5 million
Independent valuation$25.5 million (as at 10 August 2018)
WALE3.86 years (by income as at 10 August 2018)
ConnectivityExcellent accessibility to major roads, bike paths, and public transport including bus, ferry and train.
Net lettable area3,902 square metres
Site area1,207 square metres
Occupancy89.3% occupied. The unoccupied space is supported by a vendor rental guarantee for a two year period from settlement.
Car parking33 on-site parking bays
Milton Office Trust Aerial View
Milton Office Trust Exterior
Milton Office Trust Interior
Milton Office Trust Location

About the Brisbane commercial market

Brisbane’s inner-city office market is experiencing strong demand. Offshore investors influenced record turnover in 2017. Vacancy is currently below that of the CBD. With little new office space to be added to the inner-city market, Trilogy expects healthy demand and rents to be sustained in the medium term.

Important Information

Please visit this page for important updates on the Trust as they become available.