REDHILL 15BS UNIT TRUST
Open to Wholesale Investors Only.
10 – year lease
Strategic Location
Global Tenant
7.4%
Forecast Average Cash Distribution Per Annum*
Paid monthly
Income from 10-year triple net lease from settlement with CPI + 1.5% p.a. rent reviews.
Located within the high wide load corridor of Kwinana, where the Labour Government pledged $97.6m into planning the development of the Kwinana Port. The full development of the Port is estimated to carry a $4bn+ price tag and is forecasted to be fully operational by 2032
Leased to SGX listed AusGroup, an integrated solutions firm servicing energy, mining and industrial sectors with a market capitalization of $70.99 million as of March 2022.
Investment Overview
The Redhill 15 BS Unit Trust (“Unit Trust”) is an unregistered managed investment scheme providing Eligible Investors with an opportunity to participate in the acquisition of an industrial property located in the high growth industrial precinct of Kwinana, WA.
The Property is fully leased on a large 31,258 sqm land parcel in the industrial precinct of Kwinana, Perth. The Property comprises 14,450 sqm of net lettable area (NLA) consisting of approximately 1,668 sqm of office space, 11,230 sqm of fabrication bays and 1,552 sqm of workshop area. Fully leased to a Singapore Stock Exchange listed company, AusGroup Company (SGX:5GJ), which occupies the Property as their main manufacturing & fabrication warehouse in Australia. AusGroup Company (“the Tenant” or “AusGroup”) is an integrated service solutions company to the energy, mining and industrial sectors across Australia and South East Asia, with notable long-term contracts between Chevron, Rio Tinto & BHP.
*Forecast distributions are not promised nor guaranteed and are based upon a number of assumptions. Their achievement is subject to risks. The target return range is a target only, not a forecast and it might not be achieved. Please refer to the IM.
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Offer Summary
Strong Yield Projections
Forecasted yields are not promised nor guaranteed and are based upon a number of assumptions. Their achievement is subject to risks. Please refer to the IM for more information.
25 Turbo Drive, Coorparoo, QLD
Industrial office & warehouse
The property is situated within the Local Government's long term infrastructure planning area, and will benefit from this zoning with expected upgrades to transport links, water supply stormwater networks, setting up the necessary framework for future urban development.
The facility sits on a large land parcel of 2,842 sqm comprising of approximately 2,358 sqm of modern office, printing and warehouse space. The current tenant has occupied the high-quality tilt up concrete panel building for approximately 16 years.
The property is located 5 radial kilometres south of Brisbane’s CBD and benefits from close linkages to major arterial roads public transportation options.
Priority Location
Industry - Leading
Tenant
Multi -Purpose
Functionality
Priority Location
Strategically located in the prime commercial and industrial suburb of Coorparoo, the property is strategically positioned to benefit from easy access to major roads via the Clem 7 Tunnel, Pacific Motorway and Gateway Express, allowing for efficient routes to the CBD, Brisbane Airport and Port of Brisbane. Situated about 5 radial kilometres south of the Brisbane CBD, Coorparoo is considered to be within the priority infrastructure area of the Brisbane City Plan 2014.
The City Plan is set to upgrade transport links, public parks, community facilities & stormwater networks throughout the suburb allowing for future urban development and gentrification. The area currently operates as a mixed business zone offering various amenities such as food and beverage offerings, gyms and a recently redeveloped self-storage site amongst other industrial sites.
The property is located approximately 1.5 kilometres from the Gabba stadium which the Australian Olympic Committee have confirmed will be rebuilt as a 50,000 capacity stadium to host the ceremonies and main events of the 2032 Olympics. The close proximity to such a major event proposes a strong indication of rising land values & future redevelopment opportunities for the property.
