Cromwell Riverpark Trust - Cromwell Funds Management
Cromwell Funds Management Energex House building

Cromwell Riverpark Trust

Although the Trust is fully subscribed, it is possible to still gain exposure to it by investing in the Cromwell Direct Property Fund.

Invest in the Cromwell Direct Property Fund
Home Invest Fully subscribed and closed funds Cromwell Riverpark Trust

Cromwell Riverpark Trust

Although the Trust is fully subscribed, it is possible to still gain exposure to it by investing in the Cromwell Direct Property Fund.

6.7%
Distribution yield
as at 31 January 20241,2
11.7% p.a
Trust performance
Annualised since inception (July 2009)1,3
$1.820
Unit price
as at 31 January 2024
About the Cromwell Riverpark Trust

One of the market’s best performing unlisted property trusts, the Cromwell Riverpark Trust delivers investors outstanding income and capital returns. The Trust is underpinned by Energex House located at 33 Breakfast Creek Road in Newstead, Queensland.

The anchor tenant, Energy Queensland Limited, is one of Australia’s largest and fastest growing energy suppliers and occupies 94% of the 30,601 sqm of net lettable area of the building on a long lease. As one of Queensland’s most energy efficient commercial buildings, Energex House has earned a Six Star Green Star rating and a 5.5 Star NABERS rating.

Although the Trust is fully subscribed, it is possible to still gain exposure to it by investing in the Cromwell Direct Property Fund.

Key benefits for investors

Strong yield premium
to term deposits, with monthly distributions
Tax effective investment
Long WALE
leased predominately to government

Information for existing investors

Cromwell follows ASIC’s good practice guidance for website disclosure of material information. This means that all material information in relation to the Cromwell Riverpark Trust will be posted on this webpage as soon as practicable after Cromwell becomes aware of it.

View Continuous disclosure and updates.

View tax information for the fund.

Trust snapshot

Distribution
The Trust pays a monthly distribution rate, which commenced at 8.25 cents per unit (cpu) pa at inception in 2009. The distribution was increased to 11.00 cpu pa at commencement of the Further Term in July 2016. Distributions increased to 12.25 cpu pa in July 2021 underpinned by an increase in rental income.

Investment strategy
When the Trust was established, the market sought conservative investment strategies. World markets were experiencing volatility and falling interest rates were reducing the returns offered by cash and fixed interest products.

In response, Cromwell created this simple investment alternative which aimed to provide investors with a monthly distribution over the seven year term, with the additional benefit of tax deferred distributions and capital growth potential1. It featured a transparent structure with no capital support of distributions.

Investments
This unlisted trust’s asset is the Energex House Building completed in August 2010. 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.

Benchmark
PCA/IPD Unlisted Retail Property Fund Core Index

Date commenced
June 2009

Trust maturity
20221

Cromwell Funds Management Energex House building

How to apply

The Fund is closed to new investment and reinvestment, and redemptions are not currently available. If you have any questions regarding the Fund, please contact your financial adviser or Cromwell Investor Services directly.

Contact us

Contact Information
Jonathan Bredin Relationship Manager

Jonathan has 20 years’ experience in equity markets and investing. He is responsible for maintaining relationships with Cromwell’s direct retail investors.

T: 1300 268 078
E: jonathan.bredin@cromwell.com.au

Book a meeting with Jonathan

Footnotes

  1. The initial term of the Trust reached maturity in July 2016, which was extended for a Further Term of 5 years by unitholder vote.
  2. Based on current distributions of 12.25 cents per unit p.a. and a current unit price of $1.820 as at 31 January 2024.
  3. As at 31 January 2024.

Disclaimer

Cromwell Funds Management Limited ABN 63 114 782 777 AFSL 333214 (“CFM”) has prepared this webpage and is the responsible entity of, and the issuer of units in, the Cromwell Riverpark Trust ARSN 135 002 336 (“Trust”). In making an investment decision in relation to the Trust, it is important that you read the product disclosure statement dated 25 February 2009 (“PDS”) and the supplementary product disclosure statement dated 30 June 2009 (“SPDS”). The PDS and SPDS are issued by CFM and are available from www.cromwell.com.au/crt or by calling Cromwell’s Investor Services team on 1300 268 078. The Trust is not open for investment. This webpage has been prepared without taking into account your objectives, financial situation or needs. Before making an investment decision, you should consider the PDS and SPDS and assess, with or without your financial or tax adviser, whether the Trust fits your objectives, financial situation or needs. CFM and its related bodies corporate, and their associates, do not receive any remuneration or benefits for the general advice given on this webpage. If you acquire units in the Trust, CFM and certain related parties may receive fees from the Trust and these fees are disclosed in the PDS and SPDS.

Please note: Any investment, including an investment in the Trust, is subject to risk. If a risk eventuates, it may result in reduced distributions and/or a loss of some or all of the capital value of your investment. See the PDS and SPDS for examples of key risks.

Past performance is not indicative of future performance. Forward-looking statements in this webpage are provided as a general guide only. Capital growth, distributions and tax consequences cannot be guaranteed. Forward-looking statements and the performance of the Trust are subject to the risks and assumptions set out in the PDS and SPDS.