18 September 2015
Cromwell Funds Management Limited (“CFM”) confirms that Rand Transport, the tenant at the Rand Distribution Centre in Direk South Australia, completed their $2.75 million expansion project at the property on 4 September 2015. The expansion works increased the rental to Cromwell Property Trust 12 (“the Trust”) by approximately $233,700 and triggered a new 20 year lease over the entire premises.
CFM disclosed to investors in the Product Disclosure Statement dated 29 October 2013 within section 3.3.5 the potential that the tenant may seek additional expansion of the facility during the Trust term.
With Practical Completion achieved, the valuation of the property has increased from $38,000,000 at 30 June 2015 to $40,100,000.
If you have any questions please contact your financial adviser, or Cromwell Investor Services on 1300 276 693 or email email@example.com.
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 Investor Services on 1300 276 693. 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 indicative 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.