MPG Regional Cities Property Trust

Portfolio of government and social infrastructure leased properties targeting 7.0% p.a.+ distibutions

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Core Property has reviewed the latest offering from the MPG Regional Cities Property Trust by MPG Funds Management.

The Fund invests in a portfolio of properties leased to essential government services and social infrastructure tenants. The strategy provides a secure tenant profile with 91.2% of income from government or government funded entities. Properties are located in key regional cities which are benefitting from infrastructure and economic growth on the east coast of Australia.

The Manager is seeking to raise $15M through the issue of 15M units at $1.00 per unit. The proceeds will be used to expand the portfolio to 15 properties which are all fully leased. The Offer has a minimum investment of $10,000.

The Manager is targeting a FY22 distribution yield of 7.05%.

Core Property has rated the Fund as RECOMMENDED.