- Strong yield premium to term deposits
- Tax effective investment
- Long WALE, leased predominantly to government
- Monthly distributions
as at 30 September 20211
Cromwell's 12th unlisted property trust provides exposure to a single asset, located at 19 George Street in Dandenong, VIC.
|Distribution||This simple, tax effective investment has a strong monthly distribution, which commenced at 7.75% pa2. The distribution converts to 5.75 cpu pa from 01 July 2021 following sale of the Rand Distribution Centre in December 2020 as part of the Rollover Proposal in December 2020.|
|Investments||The Trust was originally underpinned by three properties: an existing building at South Melbourne in Victoria, a distribution facility in South Australia, and a commercial office building at Dandenong in Victoria, which reached practical completion on 01 October 2015. The properties in the initial portfolio were 100% occupied and 96% leased to Government or blue chip tenants, with an average annual minimum rental review of 3.8%.|
|Benchmark||PCA/IPD Australian Pooled Property Fund Index - Unlisted Core Retail Index|
|Date commenced||October 2013|
|Trust Maturity||October 20253|
This ‘back to basics’ property trust replicates 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 yields offered by cash and term deposits, and no exposure to the vagaries of the sharemarket, this simple, tax-effective investment was highly sought after by investors, and fully subscribed within eight months.
Although the Trust is fully subscribed, it is possible to still gain exposure to it by investing in the Cromwell Direct Property Fund.
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 Property Trust 12 ARSN 166 216 995 (“Trust”). In making an investment decision in relation to the Trust, it is important that you read the product disclosure statement dated 29 October 2013 (“PDS”). The PDS is issued by CFM and is available from www.cromwell.com.au/c12 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 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.
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 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.