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MPG Retail Brands Property Trust targets well anchored retail properties

Core Property has reviewed the MPG Retail Brands Property Trust by MPG Funds Management.

The Fund invests in a diversified portfolio of well branded retail assets with properties predominantly in metropolitan and regional locations. The portfolio is built around well anchored retail properties with national retailers such as Woolworths, Coles, Kmart, Bunnings, the Super Retail Group, Forty Winks and the Reject Shop.

The Manager is seeking to acquire its 9th asset, the Sarina Village Shopping Centre in Sarina (Mackay) QLD through the issue of new units in the Trust, at a current issue price of $1.06 per unit. The Offer has a minimum investment of $10,000.

The Trust has a 7 year term, which has an upcoming liquidity event in June 2022 for withdrawals, and  a subsequent liquidity event in June 2029.

The Manager is targeting a FY22 distribution yield of 7.25%.

Core Property has rated the Fund as RECOMMENDED.