Invest in the Trilogy Industrial Property Trust

The Trilogy Industrial Property Trust (Trust) is designed for investors seeking a long-term investment, stable income and an opportunity for capital growth from one of the most sought-after property asset classes.

The Trust currently holds six industrial property assets, four in Mackay and one in Carrara, Queensland and one in Gillman, South Australia. It is the final stages of acquiring a new property at 37 Gravel Pit Road, Darra, Queensland, the Trust’s first acquisition in Brisbane.

^ Forecast net cash distribution rate (net of fees, costs, and less tax) for the period 1 November 2020 to 30 June 2021 and for the financial year to 30 June 2022. Forecast returns are not guaranteed and are subject to the assumptions (as well as qualifications and uncertainties) that are set out in the product disclosure statement dated 24 September 2020.

Investment overview

The Trust is designed to build a diverse portfolio of industrial properties located in established regional and metropolitan precincts. The Trust seeks to target industrial properties that, where possible, offer the opportunity of value add. Its aim is to provide investors with stable and regular income, and the opportunity for capital growth over the long-term. Withdrawal offers are intended every four years (calculated from 12 April 2018).

Property typeIndustrial assets like warehouses and manufacturing, logistics and distribution centres.
Property locationAustralian industrial precincts in established regional and metropolitan areas.
LeasesLeases expected to provide a stable income stream.
ManagementActive management style encompassing the opportunity for renegotiation of lease terms and facilitating potential tenant-led expansion.
Portfolio reviewRegular portfolio reviews to identify potential assets for sale that may provide returns enabling redeployment of capital.

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 intends to invest in industrial property it carries the market, property, and leasing risks associated with investing in property and risks relating to the structure of the fund and the offer, including that there is no guarantee that funds will be available to make withdrawal offers.

As a geared investment, the Trust carries associated financial and leverage risks. Risks can have an impact on distribution and capital returns over the term of the Trust. It is important that you read the product disclosure statement (PDS) and understand the risks of investing.

37 Gravel Pit Road, Darra QLD

Located in one of Brisbane’s core industrial precincts, the Darra property is a modern industrial facility currently tenanted by Stoddart Group. Stoddart Group describe themselves as being recognised as a market leader in the supply and installation of numerous building products encompassing steel house framing, roofing, cladding, garage doors, solar power solutions and much more.

37 Gravel Pit Road, Darra comprises a total of 15,300 sqm including a highbay warehouse with crane rails and a commercial grade office over two levels.

The Darra precinct, just 17.6 kilometers south west from the Brisbane CBD, is also expected to benefit from the $80 million Sumners Road Interchange Upgrade, delivering further road network benefits.

The Trilogy Industrial Property Trust currently holds assets across South Australia and Queensland. Successful acquisition of the Darra property will bring the portfolio to a total of seven industrial properties.

Learn more about the current property portfolio.

Property typeA modern industrial facility with office and warehouse facilities. Constructed circa 2007 with subsequent extensions.
Purchase price$11,880,000
Site area15,310 square metres
TenantStoddart Group
Lease term6 years, expires 8 August 2026

Current property portfolio

The Trust currently holds six industrial property assets, four in Mackay and one in Carrara, Queensland and one in Gillman, South Australia. It is is the final stages of acquiring a new property at 37 Gravel Pit Road, Darra, Queensland, the Trust’s first acquisition in Brisbane.

Diesel Drive, Mackay Queensland

A modern, high-specification industrial building with 16 metre clearance and two gantry cranes.

The property was purpose built in 2014 for the current tenant. In 2019, Trilogy completed construction on a value-add extension which added an additional 900 square metres (approximately) of net lettable area.

Since completion of the additional warehouse, the tenant, Independent Mining Services QLD Pty Ltd entered into a lease which expires on 31 July 2031.

Crichtons Road,  Mackay Queensland

A single industrial complex with an attached two-storey office.

The property was purpose built in 2011 for the current tenant Alfagomma Australia Pty Ltd (Alfagomma). Alfagomma’s lease term is for five years and is due to expire on 31 July 2022. Alfagomma has the option for one further three-year lease term.

Bedford Street, Gillman South Australia

A property completed in 2018 comprising two industrial units and a gross lettable area of 8,844 square metres.

The major tenant, Tyremax Pty Ltd (Tyremax), has a five year lease expiring in December 2023, with two options for a further five-years each. Tyremax occupies 6,400 square metres of lettable area.

The second tenancy is leased to Plasdene Glass-Pak Pty Ltd (Plasdene) which is a glass packaging and distribution business. The initial five-year lease is due to expire on 30 June 2024 and covers 2,456 square metres of lettable area. At the end of the initial term Plasdene will have three two-year options.

Bosso Street, Mackay Queensland

Purpose built office, warehouse and workshop facility and land. 19-29 Bosso Street is a purpose-built office, warehouse, workshop and track press facility with a total site area of 12,510 square metres. The property also features a modern concrete tilt panel facility. This site is leased to Komatsu Australia Pty Ltd (Komatsu) and is its main Mackay Customer Support facility, offering sales, track repairs, service and parts. Komatsu currently has a lease which is set to expire on 20 December 2023, with options for two further terms of five years each.

The adjoining property, 15-17 Bosso Street, comprises land of approximately 4,336 square metres. It is leased to Joy Global Australia (a subsidiary of Komatsu) for storage of plant machinery on a month by month basis.

Elysium Road, Carrara Queensland

Modern office facility and industrial premises. The property comprises multiple freestanding structures including the administration building and multiple workshops totalling 16,380 square metres. The property is leased to Mineral Technologies Pty Ltd, a subsidiary of top 100 ASX listed parent company Downer EDI Limited. This tenant has occupied this site since 1996, and the current lease expires on 30 June 2027, with an option for a further term of 5 years, reinforcing its commitment to the location.

Important Information

Please visit here for important updates regarding the Trilogy Industrial Property Trust.

Should you have any questions, please feel free to contact our Investor Relations team on 1800 230 099 or by emailing investorrelations@trilogyfunds.com.au.

Regulatory Guide 46

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Investment Status fully subscribed
Unit Price $1.02
Forecast net distribution rate 7.80%PA*
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