Portfolio Statistics
1/6/2023
Assets Under Management
10
WALE by Area*
5.06 years
Industrial Properties
5x
WALE By Area - Industrial
6.73 years
Occupancy - Industrial
100%
Portfolio Value
AUD $370.75mn
Portfolio Occupancy*
95.22%
Office Properties
5x
WALE By Area - Office
3.44
Occupancy - Office*
92.80%
Portfolio
Property Locations
Redhill 18 BHD Unit Trust
Bentley, Western Australia
Redhill Partners Wholesale Investor Syndicate
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18 Brodie-Hall Drive, Bentley, Western Australia, is a campus style office site located 6km of the Perth Central Business District, within the Technology Park Bentley, WA. The Property comprises two adjoining completely refurbished two level office buildings.
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Recent major refurbishment completed in 2018, with large underlying land holding of 6,609 sqm.
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Fully leased to a high-quality tenant, Horizon Power, a State Government owned energy provider until 2028, providing 9.4 years of secured income with fixed annual rent review.
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Syndicated to Australian wholesale investors, with an estimated first year dividend of 8.0% with an average of 9.1% over a 7-year investment term
Location
18 Brodie-Hall Drive, Bentley, WA, AUS
Purchase Price
AUD $18.25m
Car Bays
93 Bays
Net Lettable Area (NLA)
4,350 sqm
Site Area
6,609 sqm
Occupancy
100%
WALE
9.4 years
Redhill 36 BS Unit Trust
Eight Mile Plains, Queensland
Redhill Partners Wholesale Investor Syndicate
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36 Brandl Street, Eight Miles Plains, QLD, is a commercial office property located in Brisbane Technology Park, Queensland’s largest commercial business and technology precinct, which is approximately 15 minutes' drive from the Brisbane CBD, and houses over 200 leading local and national companies.
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1,984 sqm of fully occupied quality office space, including 74 percent occupied by the Department of Public Works (QLD State Government) and 26 percent occupied by Covetrus Software Services, a US-listed global animal health technology provider (NASDAQ:CVET) with a market capitalisation of approximately US$2.5bn.
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WALE of approximately 5.1 years with fixed annual rent reviews.
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Syndicated to Australian wholesale investors, with an estimated first year dividend yield of 7.5% and an average of 7.7% over a 5-year investment term.
Location
36 Brandl Street, Eight Mile Plains, QLD, AUS
Purchase Price
AUD $10.8m
Car Bays
N/A
Net Lettable Area (NLA)
1,984 sqm
Site Area
3,940 sqm
Occupancy
100%
WALE
5.1 years
Redhill 28 ESP Unit Trust
Perth, Western Australia
Acquired by a Redhill Partners and a NYSE-listed Private Equity Group
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28 The Esplanade, Perth, Western Australia (formerly known as BGC Centre) is a 20-level A-Grade office building with ground floor amenity and generous basement parking, located in the core of the Perth Central Business District. Extensive refurbishments were completed in 2017.
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The office levels have large divisible floorplates of approximately 920 sqm with central service core, excellent natural light from all elevations and a panoramic view of the Swan River.
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91% of capital was committed by a NYSE-listed private equity group with AUM of more than USD 300bn.
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Value-add strategy, Redhill Partners handles the repositioning of the asset.
Location
28 The Esplanade, Perth, WA, AUS
Purchase Price
AUD $100.6m
Car Bays
179 Bays
Net Lettable Area (NLA)
15,263 sqm
Site Area
2,352 sqm
Occupancy
87.18%
WALE
2.2years
Redhill 12 CR Unit Trust
Canning Vale, Western Australia
Redhill Partners Wholesale Investor Syndicate
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12 – 16 Catalano Road, Canning Vale, WA is a fully leased industrial property sitting on a large 12,800 sqm land parcel in the established industrial precinct of Canning Vale, Perth.
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3,433 sqm of high quality warehouse / office space fully leased to Barclay Engineering, which is currently using it as its head office and main production facility.
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Triple net 7 year lease term with fixed annual rent reviews.
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Syndicated to Australian wholesale investors, with an estimated first year dividend yield of 8.0% and an average of 8.5% over a 5-year investment term.
Location
12 - 16 Catalano Rd, Canning Vale, WA
Purchase Price
AUD $6.83m
Car Bays
N/A
Net Lettable Area (NLA)
3,433 sqm
Site Area
12,800 sqm
Occupancy
100%
WALE
7.0 years
Redhill DP Unit Trust
Perth, Western Australia
Acquired by a Redhill Partners and a NYSE-listed Private Equity Group
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905 Hay Street is an A-grade 14 storey office building with 3 adjacent heritage premises, located at the western end of Perth CBD with direct access to St Georges Terrace.
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Total net lettable area of 14,814 sqm comprising a 14-storey large commercial office building and three adjacent heritage premises;
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The property was built on a 3,229 sqm site in 2010 and was previously fully occupied by Chevron Australia for 10 years.
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Majority of capital was committed by a NYSE-listed private equity group with AUM of more than USD 300bn.
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Fully vacant, Redhill Partners is pursuing and implementing a value-add strategy to reposition the asset
Location
905 Hay Street, Perth, WA
Purchase Price
AUD $67.8m
Car Bays
N/A
Net Lettable Area (NLA)
14,814 sqm
Site Area
3,277 sqm
Fully Leased Yield
11.27%
Occupancy
5.59%
WALE
0.2 years
Redhill 45 SGT Unit Trust
Perth, Western Australia
Acquired by Redhill Partners and a SGX Listed Real Estate Group
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45 St Georges Terrace, Perth, Western Australia is a modern B-grade office building with NLA of 10,010 sqm over 9 office levels, 2 basement levels and 31 car bays.
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The building occupies a prominent St Georges Terrace frontage between Barrack Street and Sherwood Court, and is situated within the heart of Perth’s financial district.
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95% of capital was committed by an SGX listed company, which has a market cap of more than SGD $1b.
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Value-add strategy, Redhill Partners handles the repositioning of the asset.
Location
45 St Georges Terrace, Perth, Australia
Purchase Price
AUD $57.0m with AUD $3.5m incentives pay out (Net AUD $53.5m)
Car Bays
31 Bays
Net Lettable Area (NLA)
10,010 sqm
Site Area
1,826 sqm
Occupancy
80.10%
WALE
4.1 years
Redhill 25 SS Unit Trust
Brendale, Queensland
Redhill Partners Wholesale Investor Syndicate
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25 Strathywn Street, Brendale, Queensland compromises approximately 4,250 sqm of modern office, production and warehouse space.
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Fully occupied by IPG Marketing Solutions, a wholly owned subsidiary of Domino's Pizza Enterprises Limited an ASX-listed entity (ASX:DMP) with an estimated market cap of $7.9bn.
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The property has been configured to suit the current tenants requirements providing 1,809 sqm of warehouse space and 1,700 sqm temperature controlled production area with the remain balance as office space.
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Syndicated to Australian wholesale investors, with an estimated first year dividend yield of 7.50% and an average of 7.70% over a 5-year investment term.
Location
25 Strathwyn Street, Brendale, QLD
Purchase Price
AUD $9.5m
Car Bays
N/A
Net Lettable Area (NLA)
4,250 sqm
Site Area
6,758
Occupancy
100%
WALE
5.4 years
REDHILL 25 TD UNIT TRUST
Coorparoo, Queensland
Redhill Partners Wholesale Investor Syndicate
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Income from 7-year lease from settlement with 2.5 % annual escalation over the lease period.
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Situated within the priority infrastructure area of the Brisbane City Plan and set to benefit from Brisbane’s urban development prior to the 2032 Olympic games.
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Leased by multi-award winning Advanced Business Technologies with over 20 years of industry-leading expertise.
Location
25 Turbo Drive, Coorparoo QLD
Purchase Price
AUD $9.5m
Car Bays
N/A
Net Lettable Area (NLA)
2,358 sqm
Site Area
2,842 sqm
Occupancy
100%
WALE
7-years
REDHILL 40MS UNIT TRUST
Darra, Queensland
Redhill Partners Wholesale Investor Syndicate
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Income from a 7-year lease from settlement with fixed 3.25% increases recurring annually.
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Situated in a highly sought-after industrial precinct, the property benefits from proximity to Brisbane’s CBD, access to multiple major carriage ways and positive future development throughout Brisbane prior to the 2032 Olympic Games.
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Each property is leased to international designer and manufacturer, EGR Group, who have who have been trading for 48 years and now operate across four continents.
Location
40 and 45 Machinery Street, Darra QLD
Purchase Price
AUD $13.2m
Car Bays
N/A
Net Lettable Area (NLA)
6,055 sqm
Site Area
11,367 sqm
Occupancy
100%
WALE
7-years
REDHILL 15BS UNIT TRUST
Kwinana, Western Australia
Redhill Partners Wholesale Investor Syndicate
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Income from a 10-year lease from settlement with CPI + 1.5% annual increases over the lease period.
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Situated within an industrial precinct within Kwinana, Western Australia, the property is set to benefit from the proposed $4bn Kwinana Port development that includes a dedicated freight corridor set to increase accessibility, projected to be fully operational by 2032.
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Leased to a Singapore Stock Exchange registered company, AusGroup, who have occupied the site since 1988.
Location
15 Beach Street, Kwinana, WA
Purchase Price
AUD $16.2m
Car Bays
N/A
Net Lettable Area (NLA)
14,450 sqm
Site Area
31,258 sqm
Occupancy
100%
WALE
10 -years