The Primewest Property Income Fund (Fund) has been established to provide investors with a more flexible investment product where investors can, subject to liquidity, participate in a limited monthly withdrawal facility should they wish to redeem their investment. Investors are also offered the opportunity to regularly add to their investment by acquiring additional ordinary units in the Fund.
Objective of the Fund
The Primewest Property Income Fund is intended to provide investors with monthly income with the potential for capital growth. The Fund aims to achieve this by investing in a diversified and growing portfolio of commercial property assets located in Australia. The Fund may invest in a property directly, or indirectly, via investing in other property funds. It is also intended for the Fund to invest a portion of its assets in liquid investments, such as interests in A-REITs.
The Fund will maintain a small exposure to cash, listed real estate trusts and other cash like products to provide investors with the opportunity to redeem units through a limited liquidity facility each month, whereby a nominated percentage of the Fund’s net asset value will be made available to fund redemptions.
The Fund has three quality Childcare seed assets. The seed assets are now under unconditional contracts following a comprehensive due diligence process.
These assets are:
- In QLD, SA and WA
- Have 15 – 20 year leases
- Are operated by ASX Listed or reputable privately owned operators with substantial national operations
- Are brand new builds currently under development, or recently refurbished to a very high standard
- Have between 87 and 122 childcare spaces available
Currently under due diligence is Foundation Place, a state of the art A Grade commercial office asset leased to some of Australia’s most recognised top tier ASX listed and unlisted companies. Foundation Place is located on the Sunshine Coast, one of Australia’s fastest developing economies, which has seen annual growth rates above the national averages, and is expected to expand from $17 billion to $33 billion by 2033.
The Fund pays distributions monthly.
Term & Liquidity
The minimum initial investment term is 5 years.
Withdrawals are processed monthly and limited to the terms detailed in the PDS and are subject to the Fund’s liquidity policy.
Refer to the PDS.
For more information please contact the manager for a PDS.
For more information on unlisted property funds and property syndicates please refer to the following guide.
The information provided above should be seen as factual information and not financial advice. All the information provided is not intended to imply any recommendation or opinion about a financial product.
We recommend seeking advice from professional and qualified financial planners prior to investing in any financial product.
- Category : Equity Funds
- Manager : Primewest
- Term : Open-ended
- Yield : TBA
- IRR : n/a
- Minimum Investment : 10000