Centuria Primewest Allendale Square Fund

Prominent Perth CBD office fund targeting initial distributions of 7.25% p.a.

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Core Property has reviewed the Centuria Primewest Allendale Square Fund, the latest unlisted property fund offering by Centuria Primewest.

The Fund provides an opportunity to invest in a 50% interest in Allendale Square, an A-grade office tower located at 77 St Georges Terrace, in the core of the Perth CBD.

The Property is in a prominent location and is well placed to benefit from a flight to quality of tenants in the Perth office market. An attractive acquisition price also provides the potential for long term capital gains for investors.

The Manager is targeting FY23 distributions of 7.25% p.a. (annualised), paid monthly.

The Manager is looking to raise $70M through the issue of 70M units at $1.00 per unit. The Offer has a close date of 21 October 2022 and is available to wholesale investors with a minimum investment of $100,000.

Core Property has rated the Fund as RECOMMENDED.