Key Benefits
- Fixed 7 year term with no exposure to stock market volatility
- Strong yield premium to term deposits
- Tax effective investment
- Long WALE, leased predominantly to government tenant
- Monthly distributions
Yield
7.7%
as at 30 June 20201
Key Events
| Distribution payment – Monthly | Approximately 10 days after the end of each month |
|---|---|
| September 2020 Quarterly Investment Statement | 29 October 2020 |
Fund Details
This was the first Cromwell trust to be certified as a Responsible Investment by the Responsible Investment Association of Australia. The Trust owns the highly green credentialled City Heart Building in Ipswich, Queensland.
| Distribution | With low interest rates reducing the returns offered by cash and term deposits, this fund which had commencing distributions of 7.75% pa2, was very well supported by investors. |
|---|---|
| Investments | 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. |
| Benchmark | PCA/IPD Australian Pooled Property Fund Index - Unlisted Core Retail Index |
| Date commenced | December 2011 |
Investment Strategy
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.
How to Apply?
Although the Trust is fully subscribed, it is possible to still gain exposure to it by investing in the Cromwell Direct Property Fund.
