1300 550 841
As at 31 July 2016. Fund Performance is presented after fees and costs. Past performance is not an indicator of future performance.
This unlisted trust’s asset is the Ipswich City Heart Building completed in November 2013.
The Trust was another single property investment opportunity, and the capital raising was well supported by investors attracted by the monthly distribution yield, the quality of the asset and its strong, long-term lease profile.
The Trust was the first Cromwell-managed fund to be classified by the Cromwell Responsible Investment Series and certified as a Responsible Investment by the Responsible Investment Association of Australasia.
Despite the Trust being closed to new investment, it is possible to still gain exposure to it by investing in the Cromwell Direct Property Fund.
The Ipswich City Heart Building was acquired from developer Leighton Properties in 2011. The asset forms part of Stage 1 of the $1 billion redevelopment known as ICON Ipswich,located in the Ipswich CBD approximately 39 kilometres south west of the Brisbane GPO.Sector Commercial/RetailAddress 117 Brisbane StreetValue 100 - 200 million
The Trust replicated many features of Cromwell’s other unlisted property trusts including the seven year investment period, innovative construction funding structure and long lease term.
With low interest rates reducing the returns offered by cash and term deposits, this fund which had commencing distributions of 7.75% pa1, was very well supported by investors. The ‘back to basics’ property Trust commenced in December 2011 and is now paying 9.00% pa1.
- Annual Financial Report June 2016
- Half Year Investment Report December 2015
- Annual Financial Report June 2015
- Half Year Financial Report - December 2014
- Annual Financial Report June 2014
- Half Year Financial Report December 2013
- Annual Financial Report June 2013
- Half Year Financial Report December 2012