Core Property has reviewed the Westbridge Industrial Opportunity Fund, an open-ended unlisted property fund that invests in a portfolio of industrial properties across in Australia.
The Fund is managed by Westbridge Asset Management, a wholly owned entity of Westbridge Funds Management, a property investment manager established in 2000, with over $1 billion of assets under management.
The Fund has a Value-Add strategy to invest in a diversified portfolio of industrial assets which have the potential for upside from capital improvements and/or active leasing to increase rental income.
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The Fund has consistently paid distributions of 6.0 cents per unit p.a. since inception, at the top of its target range of 5.0 – 6.0 cents p.a.
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The Manager is targeting the Fund to deliver an IRR of 11% p.a. – 13% p.a.
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The Fund was established in December 2024 and is targeting a portfolio of $250M with assets in the $10M - $40M range.
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The initial portfolio consists of 2 direct properties in well located industrial precincts, in Pinkenba QLD (in the Trade Coast precinct of Brisbane QLD) and Welshpool WA (neighbouring Perth Airport).
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The Fund is open-ended and is seeking to raise $10.8M which will be used to invest in a third asset, through a 50% interest in the Westbridge Ottoway Property Fund, which will invest in an industrial asset in Ottoway SA.
The Unit Price at 31 January 2026 was $1.02 per unit.
The Fund is open to wholesale investors with a minimum investment of $100,000.
Core Property has rated the Fund as RECOMMENDED.