QI Diversified Income Trust No 1

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Andrew Kuruc

Investor Relations

Andrew’s experience includes 30 years in financial services, funds management and wealth advice. Having held sales, development, technical, management and executive positions in multinationals and small-to-medium enterprises alike, Andrew has a deep understanding of people, business, and markets. He has successfully developed and delivered business-to-client (B2C) and business-to-business (B2B) programs and initiatives for many client-centric organisations around the world.

Andrew has a Master of Business Administration from Australian Graduate School of Management (UNSW) and University of Sydney.

Responsible for Investor Relations, Andrew’s role covers the all-important ‘client (Investor) experience’, marketing and communications, business development and market growth.

Andrew Tyack

Investment & Fund Manager

Andrew is a qualified property professional with over 10 years of experience in the industry. Andrew has had a diverse career with exposure to a broad range of disciplines across the industry, from valuing commercial and residential property across Western Australia, development management of residential land subdivisions, scoping and feasibility analysis of commercial development opportunities and acquisition of commercial assets.

Andrew holds a Bachelor of Commerce (Property) from Curtin University and is a registered Land Valuer and Associate Member of the Australian Property Institute.

As the Investment & Fund Manager, Andrew is responsible for the implementation of Quadrant Investments’ strategy and performance monitoring for all of Quadrant Investments’ funds including new acquisitions, existing assets and divestments.

Lucie Hancock

Asset Manager

Lucie has over 10 years’ experience in the commercial property industry working across the office, retail and industrial sectors, and including management of one of Perth’s most prominent CBD assets.

In addition to driving asset performance from the landlord side, Lucie also held a national role for an ASX listed occupier overseeing a number of complex transactions across a portfolio of over 250 properties.

Working closely with the CIO and the Investment & Fund Manager, Lucie is responsible for the oversight of the property management team of all QI assets. Lucie is also involved in asset planning, leasing, fostering relations with tenants and ensuring the financial performance of the portfolio.

Lucie is currently a Director and Head of Property and Asset Management at Richard Noble & Company, the equal major shareholder of Quadrant Investments.

Greg Halls

Company Secretary

As Quadrant Investments’ Company Secretary, Greg brings with him over 10 years’ finance experience. Underpinned by several years in public practice, Greg’s experience has primarily been in the construction and property sectors. He has held positions with both privately owned and run companies as well as large, multi-national listed companies and is currently Chief Financial Officer and Company Secretary of Richard Noble & Company, our equal major shareholder.

Greg has held corporate roles that involve overall financial management, managing people, ensuring adherence to statutory compliance and process improvement.

Greg has a Degree in Commerce majoring in Financial Accounting and Investment Finance, a Grad Dip in Professional Accounting and is a qualified Chartered Accountant. He is a Responsible Manager for Quadrant Investments’ Australian Financial Services License.

Greg provides oversight on all financial aspects of the business, including governance, due diligence and analysis for Quadrant Investments.

Phil Fogliani

Managing Director & Chief Investment Officer (CIO)

Phillip is a career property professional with over 25 years’ experience working within private, boutique and corporate property companies over this period. Phillip’s experience crosses multiple disciplines over all property types, including leasing and sale transactions, consulting advisory, valuations, and asset and property management. It also covers multiple asset types, including office, retail, industrial, residential and hotel and accommodation sectors.

Phillip holds a Bachelor of Commerce majoring in Property from Curtin University, is a Licensed Valuer, Certified Property Practitioner (CPP) with the Australian Property Institute and a licensed Real Estate Agent in Western Australia. He is a Responsible Manager for Quadrant Investments’ Australian Financial Services License.

As Managing Director, Phillip leads a team of dedicated investment management professionals and is a key liaison with our professional consultants, stakeholders and Investment Partners.

Since early 2017, as CIO, Phillip has been responsible for sourcing and verifying assets as being suitable for acquisition, together with negotiation and management of each transaction. His experience, industry contacts and knowledge is utilised as the primary oversight lead of the ongoing fund and asset management of each of Quadrant Investment’s funds.

Alex Gregg

Director

Alex has over 35 years’ experience within the financial services, asset management and property industry. Over the last 24 years as Managing Director of QI’s equal major shareholder – Richard Noble & Company, Alex has been intensively involved in land acquisitions, capital raisings, project management, commercial sales, leasing and management, market research, town planning and achieving positive outcomes with government agencies and stakeholders.

Alex holds a Bachelor of Commerce Degree majoring in Property from Curtin University and is a Licensed Real Estate Agent. He previously served as a Councillor on the Urban Development Institute of Australia (WA) Council and appointed State President from 2009 until 2011. He is a Responsible Manager for Quadrant Investments’ Australian Financial Services License.

Alex provides oversight on governance, strategy, planning and investor relations for Quadrant Investments in addition to assisting in the identification, evaluation, acquisition and funding of new investment opportunities.

FULLY SUBSCRIBED

Closed

7.0% p.a.

Target distributions

100%

Leased to mix of national, global & government tenants

7 Years

Initial Term

Fund Highlights

A diversified, multi-asset fund targeting average distributions to investors of 7.0% p.a. across the term of the fund.
Distributions paid monthly (under normal circumstances)
The fund has identified high quality commercial assets and can acquire assets within the industrial, retail, large format retail, health services, childcare and office sector across any major metropolitan area.
Exceptional tenant mix with WA State Government, global listed subsidiaries and national businesses
Assets selected for additional potential for future capital growth with strong rent growth prospects
Total aggregated gross lettable area of 15,178 sqm
Total aggregated land area of 30,229 sqm
7-year initial trust term with investor option to extend for a further 3-years
Available to Wholesale and Sophisticated investors only

REQUEST INFORMATION MEMORANDUM

Property Sector by Value

Tenant Classification

Fund Properties

The fund features four individually titled assets within the industrial and office sector. Further information on each of the assets is available below.

2 Keane Street, Midland

Building Area (sqm)	Land Area (sqm)	Purchase Price	Asset Weighting	Purchase Date
1,367	984	$7,250,000	26%	May 2021

12 Dyer Road, Bassendean

Building Area (sqm)	Land Area (sqm)	Purchase Price	Asset Weighting	Purchase Date
6,584	12,162	$8,250,000	29%	November 2021

25 McDonald Crescent, Bassendean

Building Area (sqm)	Land Area (sqm)	Purchase Price	Asset Weighting	Purchase Date
1,332	2,203	$2,400,000	9%	November 2021

17-19 Leadership Way, Wangara

Building Area (sqm)	Land Area (sqm)	Purchase Price	Asset Weighting	Purchase Date
5,895	14,880	$10,250,000	36%	March 2022

	Building Area (sqm)	Land Area (sqm)	Purchase Price
Total	15,178	30,229	$28,150,000

Property	Building Area (sqm)	Land Area (sqm)	Purchase Price	Asset Weighting	Purchase Date
2 Keane Street, Midland, Western Australia	1,367	984	$7,250,000	26%	May 2021
12 Dyer Road, Bassendean, Western Australia	6,584	12,162	$8,250,000	29%	November 2021
25 McDonald Crescent, Bassendean, Western Australia	1,332	2,203	$2,400,000	9%	November 2021
17-19 Leadership Way, Wangara, Western Australia	5,895	14,880	$10,250,000	36%	March 2022
Total Value	15,178	30,229	$28,150,000	.	.

Further Information

Forecast Distribution & Total Returns

The fund is targeting average distributions of 7.0% p.a. across the term of the fund. Under normal circumstances, distributions are targeted to be paid monthly in arrears to investors. The fund has targeted properties with strong potential for capital growth with an aim to exceed an IRR (total returns of income plus capital) of over 9% p.a. across the term of the fund. Note 1

Minimum Investment

The minimum investment for this fund is $100,000 per investor, subject to discretion of the trustee/issuer. Existing and new investors are able to make further investment as new properties are added to the fund. Note 2

Fund Term

The Initial Term of the fund is for a period of 7-years. Investors will have the option to vote to extend the term by the Extended Term being 3-years.

Eligibility

This fund is open only to “Wholesale Investors” within the meaning and criteria defined in the Corporations Act 2001. Please contact our team for assistance if you are unsure of whether you qualify as a wholesale investor.

Express your interest

While this fund is fully subscribed and currently closed, from time-to-time opportunities may become available to acquire units in the fund.

You can register your interest below to be notified on opportunities in this or future funds.

Fields marked with a * are mandatory

First name*

Last name*

Postcode*

Preferred phone number*

Email*

Are you or your client a Wholesale or Sophisticated investor?*

Please specify your anticipated investment amount*

I agree to the Quadrant Investments Privacy Policy*

Notes & Disclaimer

Note 1: Returns are not guaranteed. Distribution return targets contain projections or forecasts based on many factors beyond the control of the fund manager and the trustee.

Note 2: The fund has completed its acquiring period and is unlikely to make any further acquisitions to its portfolio.

View our Disclaimer.