Our latest unlisted property fund report

Our latest unlisted property fund report

Core Property has reviewed the 333 Exhibition Street Property Fund, the latest offering by Placer Property Limited.

The Fund is a six-year unlisted office fund, targeting distributions of 6.5% p.a. in FY18 and FY19.

The property metrics are strong with the Fund owning the office component of 333 Exhibition St, Melbourne Vic, currently leased to the University of Melbourne, with a Weighted Average Lease Expiry (WALE) of 4.9 years, and fixed rental increases of 3.65% p.a.

Core Property has issued a RECOMMENDED rating for the Fund.