Core Property has reviewed the Stronghold Northshore Property Trust No.19, an unlisted property fund that invests in two new A-grade office buildings located in the BTP Northshore Hamilton QLD business park.
The properties provide a unique exposure to a key business park precinct located within an urban renewal project which has been earmarked for residential development, industrial, retail, entertainment and business hubs, as well as plans to house the Athletes Village for the Brisbane 2032 Olympics.
The Fund is managed by Stronghold, a specialist fund manager with ownerships links to Graystone, a recognised property developer of business park assets in south-east Queensland.
The Manager is targeting an initial distribution yield of 7.00% p.a. (annualised) in the first year, based on committed capital. The Fund is available to wholesale and sophisticated investors.
Core Property has rated the Fund as RECOMMENDED.