APIL launches industrial fund targeting 7.0% - 8.0% p.a. distributions

Australasian Property Investments Limited (APIL) was established in 2001 and has launched 27 syndicated funds with almost $1.0 billion of properties. 

It's latest offering, the APIL Industrial Fund No.1, is looking to acquire a diversified portfolio of up to $125 million of industrial assets by June 2020 with a target distribution of 7.0% - 8.0% per annum. Target assets will have a high tenant appeal and be located in established industrial precincts in Australian capital cities.

The Fund is looking to raise $24.2 million in equity from investors, through the issue of 24.2 million units at $1.00 per unit, to acquire the initial two assets to seed the portfolio.

  • The initial assets, located in Regency Park SA and Henderson WA, are 100% occupied with a combined WALE of 16.4 years.
  • The assets are supportive of an initial 7.5% per annum distribution.
The Fund will have an initial term of 8 years. As additional properties are acquired, APIL intends to raise further equity at $1.00 per unit through to 30 June 2020 to support the acquisitions.

Core Property has rated the Fund as RECOMMENDED.