Core Property has reviewed the Trilogy Northern Logistics Fund, a new investment offering by Trilogy Nominee Services Pty Ltd, which is part of Trilogy Funds Group, a real estate and credit investment fund manager with over $1.7 billion of assets under management.
The Fund provides the opportunity to invest in a logistics asset located at 16 Dawson Street, East Arm (Darwin), Northern Territory.
- The Property is a modern, institutional-grade asset situated in the East Arm precinct, a high demand logistics precinct which provides multimodal access to air freight, port, rail and road transport infrastructure in Darwin.
- The Property is fully leased to a leading freight and logistics provider, with rental income supported by a long-term lease with a Weighted Average Lease Expiry (WALE) of 8.8 years.
- The Manager is targeting distributions of 7.25% - 8.50% p.a. (average 7.87% p.a.) over an initial 6-year investment period, with the potential for capital upside over time.
The Fund is seeking to raise $23.7M through the issue of 23.7M units at $1.00 per unit. The Offer is available to wholesale investors with a minimum subscription of $100,000.
Core Property has rated the Fund as RECOMMENDED.