[FULLY SUBSCRIBED]
The Industrial Trust No 1 was established to acquire 100% of the units in the Underlying Trusts which separately hold the Somerton (Victoria), Naval Base (Western Australia) and Currumbin Waters (Queensland) Industrial Properties.
Investment Highlights
Purchase Price - $60.25m
Equity Raising - $33.00m
Projected Returns on Equity
Year 1 Distribution Forecast - 9.5%
Average (5yr) Distribution forecast - 10.4%
Projected Internal Rate of Return (IRR) - 11.8%
Quarterly Distributions from Settlement
Weighted Average Lease Expiry (WALE) of 9 years
Triple Net Leases
Naval Base, Western Australia
Somerton, Victoria
Naval Base, Western Australia
Currumbin Waters, Queensland