09 July 2015

An external valuation of the Rand Distribution Centre at 30 June 2015 has provided good news for Cromwell Property Trust 12 (Trust) unitholders: a 9.2% increase in the as complete value of Rand Distribution Centre asset to $38.0 million, up from $34.8 million as at 31 December 2014.

The increase in value is underpinned by increased rental income and additional expansion works.

The net tangible asset value (NTA) of the Trust (assuming completion of the ATO Dandenong Building on 30 September 2015) is forecast to increase from $0.93 per unit to $0.98 per unit as a result of the revaluation.  This includes the 4.5 cent per unit special distribution in relation to the Dorcas Street South Melbourne property sale.

If you have any questions, please contact Cromwell Investor Services on 1300 CROMWELL (1300 276 693) or email invest@cromwell.com.au.

Cromwell Funds Management Limited ABN 63 114 782 777 AFSL 333214 (CFM) has prepared this update 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 or by calling Cromwell Investor Services on 1300 276 693. The Trust is not open for investment. This update 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 in this update. 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 update 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.