Primewest Property Income Fund

Open ended diversified fund targeting 5.5%+ distributions

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Core Property has reviewed the Primewest Property Income Fund, an open-ended property fund managed by Primewest.

The Fund is now a registered managed investment scheme with ASIC, and is open to all investors with a minimum investment of $10,000. The Fund continues to seek investments to build a diversified portfolio of properties across the office, industrial/logistics, healthcare, agriculture, social infrastructure and retail sectors. The Fund is looking is acquire its 4th asset, a newly constructed, fully leased office property in Maroochydore QLD. The portfolio also includes 3 fully occupied childcare centres located in QLD, WA and SA.

Key features of the Fund include:
  • Investors may acquire units based on the Daily Unit Price, which is $1.00 per unit, at 1 March 2021.
  • Targeted distributions are 5.5 cpu for 2021.
  • Liquidity is provided via a Limited Monthly Withdrawal Facility.
Core Property has rated the Fund as RECOMMENDED.

Core Property Rating - Recommended

Fund Status - Open

This publication is not and should not be construed as, personal financial product advice, an offer to sell or the solicitation of an offer to purchase or subscribe for any investment. Any opinion contained in the Report is unsolicited general information (general financial product advice) only. Read more here.