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1800 334 533

 

With world markets continuing to experience volatility and interest rate cuts reducing the yields offered by cash and fixed interest products, Cromwell has creating a simple investment alternative.

 

The Cromwell Riverpark Trust (“the Trust”) is a ‘back to basics’, single property syndicate which has the Queensland Government owned corporation Energex Limited as the major tenant.

 

The Trust is a 7 year investment, forecast to distribute an initial 8.25% pa1 and offering capital growth potential1 and 100% tax deferred2 distributions from the energy efficient $173 million Riverpark Building in Brisbane.3

order a product disclosure statement

 

 

Investment Summary

iNVESTMENT OBJECTIVE

The objective of the Trust is to provide investors with a minimum distribution yield of 8.25%pa1 paid monthly over the 7 year term, with the additional benefit of tax deferred2 distributions and capital growth potential1.

Features of the trust

  • Initial 8.25% pa1 distributions paid monthly from date units are issued, increasing to 8.50% pa upon building practical completion
  • 100% tax deferred2 distributions forecast to 30 June 2012
  • 7 year investment term
  • Sensibly geared with a 55% gearing ratio
  • Potential for capital growth1
  • Simple transparent structure with no capital support of distributions.

the asset - riverpark building

$173 million3, 7 storey commercial office/retail building being constructed at 33 Breakfast Creek Road, Newstead, just two kilometres from the Brisbane CBD. The site forms part of a new inner-city mixed-use community on the banks of the Brisbane River.

 

93% of the property when complete has been leased to utilities provider Energex Limited until 20254. Energex is one of Australia’s largest and fastest growing electricity suppliers.

 

The 7% balance of the property will be subject to a five year lease arrangement with a subsidiary of ASX listed FKP Property Group5.

Features of the riverpark building

  • 100% of the net lettable area precommitted
  • 14.1 year weighted average lease term5
    Energex lease will end 7 years past the proposed end date of the Trust
  • $173 million commercial property asset3
  • 30,904 sqm net lettable area
  • State of the art, energy efficient building
    Given a Six Star Green Star Certified Rating in 2008 under the Green Building Council of Australia’s Green Star – Office Design v2 rating tool

EXPERIENCED FUND MANAGER

Cromwell is an Australian property investment fund manager with a proven track record of developing high quality, high yielding investment products.

 

With investor returns relying on the continued occupancy and improvement of the portfolio, Cromwell is committed to internal property management for its $1.7 billion assets under management.

Notes

All information relates to A Class Units in the Cromwell Riverpark Trust.

(1) Distributions and capital growth are not guaranteed. Initial distribution forecast to 30.6.10, subject to assumptions and risks in the PDS.
(2) 100% tax deferred distributions forecast to 30.6.12. The proportion of tax deferred distributions is dependent on a number of factors (for example building amortisation and depreciation of plant and equipment) and may vary from year to year. Deferred tax may be payable, in whole or in part, on the sale, transfer or redemption of units in the Trust.
(3) Based on “as if complete” valuation by Landmark White Brisbane Pty Ltd.
(4) Based on 15 year lease from date of practical completion, estimated at June 2010.
(5) From Practical Completion.

Units in the Cromwell Riverpark Trust (“CRT”) are issued by Cromwell Property Securities Limited (ABN 11 079 147 809, AFSL 238052). Application for units can only be made on the application form in the Product Disclosure Statement (PDS) dated 25 February 2009. This information has been prepared without taking into account your objectives, financial situation or needs. Therefore, in deciding whether to acquire or continue to hold an investment in CRT, you should consider the PDS and assess, with (or without) your financial or taxation advisor, whether the product fits your objectives, financial situation or needs.


This content has been prepared without taking account of your objectives, financial situation or needs. In deciding whether to acquire or continue to hold an investment you should consider the Product Disclosure Statement (PDS) available from Cromwell and assess, with (or without) your financial adviser, whether products fit your objectives, financial situation or needs.