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 three industrial property assets, two in Mackay, Queensland and one in Gillman, South Australia.

Trilogy has now identified an opportunity to further diversify the portfolio and intends to acquire three additional properties. These properties provide the Trust with an additional level of diversification in terms of income, tenant type and geographical location.

Forecast distribution rate (net of fees, costs, and less tax) for the period from the expected settlement date in December 2019 to June 2020. Forecast returns are not guaranteed and are based on the future property portfolio and assumptions which will be detailed in the PDS .

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.

New properties to join the portfolio

11 Elysium Road, Carrara, Queensland

The property comprises multiple freestanding structures including the administration building and multiple workshops totalling 6,180 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, reinforcing its commitment to the location.

Location

11 Elysium Road is located within the tightly held industrial precinct of Carrara on the Gold Coast, approximately 70 kilometres south of Queensland’s capital city, Brisbane. The property provides convenient access and connectivity to the Pacific Motorway (M1).

Property typeModern office facility and industrial premises.
TenantThe property is 100% leased to Mineral Technologies Pty Ltd – a subsidiary of the Top 100 ASX publicly listed company, Downer EDI Limited.
Weighted average lease expiry7.5 years (as at 1 December 2019)
Purchase price$12,050,000
Carrara Property Aerial View

15-17 and 19-29 Bosso Street, Mackay, Queensland

19-29 Bosso Street is a purpose-built office, warehouse, workshop and track press facility and has 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.

An adjoining site, 15-17 Bosso Street, comprises land approximately 6,401 square metres and is currently leased to Joy Global Australia Pty Ltd, a wholly owned subsidiary of Komatsu, on a month-by-month basis.

Location

Paget is Mackay’s primary industrial precinct located approximately 6 kilometres south of the Mackay CBD and 2.5 kilometres from the Mackay Airport. The properties provide excellent connectivity having direct access to the Bruce Highway, which in turn provides access to mining towns west of Mackay.

Property typePurpose built office, warehouse and workshop facility and land.
Tenant19-29 Bosso Street is leased to Komatsu Australia Pty Ltd. 15-17 Bosso Street is leased to Joy Global Pty Ltd.
Weighted average lease expiry4.3 years (as at 1 December 2019, excluding 15-17 Bosso Street)
Purchase price$13,000,000
Komatsu exterior view

Current property portfolio

Diesel Drive Mackay, QLD

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 new 12-year lease.

Crichtons Road Mackay, QLD

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 2020. Alfagomma has the option for one further three-year lease term.

Bedford Street Gillman, SA

A new 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 commenced on 1 July 2019 and covers 2,456 square metres of lettable area. At the end of the initial term Plasdene will have three two-year options.

Industrial Trust Property Interior
Industrial Trust Tenant

Product Disclosure Statement (PDS)

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Application form

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Brochure

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11 Elysium Road, Carrara - Valuation Report

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15-17 Bosso Street, Mackay - Valuation Report

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19-29 Bosso Street, Mackay - Valuation Report

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