Prepare to vote on the future of your investment

The Cromwell Ipswich City Heart Trust (the Trust) will reach the end of its initial seven-year term in December 2018.

Cromwell Funds Management Limited (CFM), as responsible entity of the Trust, will soon invite unitholders to formally vote to extend the term of Trust, or to sell the Property and wind up the Trust. CFM will also implement a Matching Facility allowing unitholders who want to exit the Trust the opportunity to sell their units to unitholders who wish to buy more units in the Trust.

An Explanatory Memorandum and Notice of Meeting (EM/NOM) and Matching Facility documentation will be forwarded to you prior to the vote.

For more information, please click here.

Key Benefits

  1. Fixed 7 year term with no exposure to stock market volatility
  2. Strong yield premium to term deposits
  3. Tax effective investment
  4. Long WALE, leased predominantly to government tenant
  5. Monthly distributions

Yield

yield

6.5%

As at 30 June 20181

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.
InvestmentsThis 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.
BenchmarkPCA/IPD Australian Pooled Property Fund Index - Unlisted Core Retail Index
Date commencedDecember 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.