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.