01 October 2019
An external valuation of the Rand Distribution Centre, located in Direk, SA as at 30 September 2019 has provided good news for Cromwell Property Trust 12 (Trust) unitholders: a 1.9% increase in the value of the asset to $53 million, up from $52 million as at 31 March 2019.
The increase in value was underpinned by increased rental.
The Trust also benefited from an external valuation of the 19 George Street, Dandenong asset, VIC as at 30 September 2019: a 5.0% increase in the value of the asset to $100 million, up from $95.2 million as at 30 September 2018.
The increase in value was underpinned by a reduction in the capitalisation rate.
The provisional net tangible asset value (NTA) of the Trust is forecast to increase to $1.40 at 30 September 2019, up from $1.34 per unit at 31 March 2019, as a result of the revaluations.
If you have any questions, please contact Cromwell’s Investor Services Team on 1300 268 078 or email firstname.lastname@example.org.
Cromwell Funds Management Limited ABN 63 114 782 777 AFSL 333214 (CFM) has prepared this notice 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 notice 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 notice. 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 a reliable indicator of future performance. Forward-looking statements in this notice 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.