Realside launches the 108 St Georges Terrace Fund

Realside launches the 108 St Georges Terrace Fund

Core Property has reviewed the Realside 108 St Georges Terrace Fund, an unlisted property fund by Realside Financial Group, a specialist commercial property and private credit manager with $600 million of funds under management.

The Fund is looking to invest up to a 50% interest in the A+ grade office building at 108 St Georges Terrace, Perth WA. The Property is a landmark office tower located on one of the busiest intersections in the heart of the Perth CBD. The key features of the Fund include:

  • A prestige office tower which has already had extensive capital expenditure.
  • An attractive acquisition price, with the potential for capital gains over the long term.
  • The Manager is targeting initial distributions of 7.1% p.a. and average distributions of 7.9% p.a. over five years.

The Manager is looking to raise up to $94.5M through the issue of up to 94.5M units at $1.00 per unit.

The Offer has a close date of 20 October 2022 and is available to wholesale investors with a minimum investment of $100,000.

Core Property has rated the Fund as RECOMMENDED.